Maryland State Retirement & Pension System lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,195 shares of the semiconductor company's stock after selling 313 shares during the quarter. Maryland State Retirement & Pension System's holdings in Monolithic Power Systems were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.\n\nA number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new position in Monolithic Power Systems in the fourth quarter valued at about $29,000. Itau Unibanco Holding S.A. raised its position in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares during the period. Meeder Asset Management Inc. raised its position in Monolithic Power Systems by 146.4% in the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 41 shares during the period. Global Financial Private Client LLC raised its position in Monolithic Power Systems by 265.0% in the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 53 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in Monolithic Power Systems in the first quarter valued at about $54,000.\n\nInstitutional investors and hedge funds own 93.46% of the company's stock.\n\nSeveral research analysts have commented on MPWR shares. Citigroup reissued a 'buy' rating and issued a $825.00 price objective (up from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $730.00 to $750.00 and gave the company an 'equal weight' rating in a research report on Friday, August 1st. Needham & Company LLC raised their price objective on Monolithic Power Systems from $800.00 to $820.00 and gave the company a 'buy' rating in a research report on Friday, August 1st. KeyCorp raised their price objective on Monolithic Power Systems from $940.00 to $950.00 and gave the company an 'overweight' rating in a research report on Friday, August 1st. Finally, Loop Capital lifted their target price on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a 'buy' rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of 'Moderate Buy' and a consensus target price of $838.09.\n\nIn related news, EVP sold 39,999 shares of Monolithic Power Systems stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $780.00, for a total value of $31,199,220.00. Following the completion of the transaction, the executive vice president directly owned 121,605 shares in the company, valued at approximately $94,851,900. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through . Also, CFO sold 6,000 shares of Monolithic Power Systems stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the transaction, the chief financial officer owned 46,939 shares of the company's stock, valued at $35,204,250. This trade represents an 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found . Insiders sold 48,999 shares of company stock valued at $37,949,220 over the last quarter. Insiders own 3.40% of the company's stock.\n\nShares of Monolithic Power Systems opened at $804.29 on Monday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The firm has a market cap of $38.52 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 3.00 and a beta of 1.18. The stock's 50-day simple moving average is $728.95 and its 200-day simple moving average is $656.29. Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. The business had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The company's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period last year, the firm earned $3.17 earnings per share. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.\n\nThe company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.25%.\n\nMonolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its holdings in Monolithic Power Systems by 12.5% during the first quarter, selling 313 shares and now owning 2,195 shares valued at $1,273,000. Other institutional investors such as Itau Unibanco Holding S.A., Meeder Asset Management Inc., and Global Financial Private Client LLC also adjusted their positions, with some increasing holdings significantly. Insiders, including the EVP and CFO, sold shares, resulting in reduced ownership. The company reported strong quarterly earnings with $4.21 EPS, exceeding estimates, and a 31.0% revenue increase. Analysts have raised price targets and issued 'buy' ratings, with a consensus target price of $838.09 and a 'Moderate Buy' rating. Monolithic Power Systems has a market cap of $38.52 billion and declared a $1.56 quarterly dividend, yielding 0.8%.