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flag CalPERS sold shares of Monolithic Power Systems, which saw a 60.3% stock increase despite lower earnings.

flag 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. flag Despite the reduction, CalPERS still owns 81,158 shares worth around $48 million. flag Monolithic Power Systems reported lower-than-expected earnings of $3.17 per share but declared a dividend of $1.56 per share. flag 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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