Arizona State Retirement System Sells 989 Shares of Monolithic Power Systems, Inc. $MPWR

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The Arizona State Retirement System reduced its stake in Monolithic Power Systems (NASDAQ: MPWR) by 7.0%, selling 989 shares in Q4, and now holds 13,128 shares valued at $11.9 million. This sale comes amidst significant insider selling, with executives offloading 137,683 shares totaling about $158.1 million over the last 90 days. Despite the insider sales, Monolithic Power Systems recently increased its quarterly dividend and analysts maintain a “Moderate Buy” rating with a consensus target price of $1,260.08.

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