Evergreen Capital Management LLC Has $534,000 Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Evergreen Capital Management LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 have also made changes to their positions in MPWR. Jump Financial LLC lifted its position in Monolithic Power Systems by 242.5% during the 4th quarter. Jump Financial LLC now owns 23,943 shares of the semiconductor company’s stock worth $14,167,000 after buying an additional 16,952 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Monolithic Power Systems in the fourth quarter valued at approximately $15,566,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $420,000. Belpointe Asset Management LLC raised its stake in shares of Monolithic Power Systems by 9.6% during the 4th quarter. Belpointe Asset Management LLC now owns 767 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 67 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in shares of Monolithic Power Systems by 16.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,184 shares of the semiconductor company’s stock valued at $1,292,000 after buying an additional 315 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $523.58 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company has a market cap of $25.06 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.60 and a beta of 1.21. The stock has a fifty day moving average price of $592.25 and a 200-day moving average price of $657.26.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

Wall Street Analyst Weigh In

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

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.