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CalPERS sold shares of Monolithic Power Systems, which saw a 60.3% stock increase despite lower earnings.
California's largest pension fund, CalPERS, reduced its holdings in Monolithic Power Systems (MPWR) by 4.1% in the fourth quarter, selling 3,463 shares.
Despite the reduction, CalPERS still owns 81,158 shares worth around $48 million.
Monolithic Power Systems reported lower-than-expected earnings of $3.17 per share but declared a dividend of $1.56 per share.
The company's stock saw a 60.3% increase in the quarter, with an average price target of $851.58 and a "Moderate Buy" rating.
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CalPERS vendió acciones de Monolithic Power Systems, que registró un incremento del 60,3% a pesar de las menores ganancias.