Evergreen Capital Management LLC Sells 30 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Evergreen Capital Management LLC decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 901 shares of the semiconductor company’s stock after selling 30 shares during the period. Evergreen Capital Management LLC’s holdings in Monolithic Power Systems were worth $534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MPWR. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $493,807,000. Van ECK Associates Corp lifted its position in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after purchasing an additional 328,203 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $140,795,000. Bank of Nova Scotia increased its position in shares of Monolithic Power Systems by 1,320.0% during the fourth quarter. Bank of Nova Scotia now owns 161,800 shares of the semiconductor company’s stock worth $95,737,000 after buying an additional 150,406 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in Monolithic Power Systems by 39.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company’s stock valued at $212,288,000 after buying an additional 101,156 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MPWR. Stifel Nicolaus lowered their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Rosenblatt Securities cut their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company dropped their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Finally, KeyCorp boosted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $826.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Stock Down 0.2 %

MPWR stock opened at $523.58 on Friday. The business has a 50 day moving average of $592.25 and a 200-day moving average of $657.26. The firm has a market cap of $25.06 billion, a PE ratio of 14.24, a P/E/G ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $1.56 per share. The ex-dividend date was Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.19%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

About Monolithic Power Systems

Monolithic 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.