Evergreen Capital Management LLC Has $282,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Evergreen Capital Management LLC trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 610 shares of the semiconductor company’s stock after selling 38 shares during the period. Evergreen Capital Management LLC’s holdings in Monolithic Power Systems were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in Monolithic Power Systems by 31.3% in the 1st quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock valued at $672,000 after buying an additional 330 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Monolithic Power Systems by 5.4% in the first quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock valued at $930,000 after purchasing an additional 99 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Monolithic Power Systems by 1,624.0% during the first quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock valued at $3,492,000 after purchasing an additional 6,772 shares in the last quarter. Blair William & Co. IL boosted its holdings in Monolithic Power Systems by 9.3% during the first quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock worth $5,019,000 after purchasing an additional 883 shares during the last quarter. Finally, Prudential PLC bought a new stake in Monolithic Power Systems in the 1st quarter worth about $439,000. 96.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MPWR. TD Cowen boosted their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. KeyCorp increased their price objective on Monolithic Power Systems from $600.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Oppenheimer upped their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $668.30.

View Our Latest Stock Report on Monolithic Power Systems

Monolithic Power Systems Stock Up 5.0 %

Shares of MPWR opened at $767.60 on Friday. The firm has a fifty day simple moving average of $659.84 and a two-hundred day simple moving average of $562.34. Monolithic Power Systems, Inc. has a twelve month low of $383.19 and a twelve month high of $777.00. The stock has a market capitalization of $37.35 billion, a P/E ratio of 87.63, a PEG ratio of 3.85 and a beta of 1.25.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The business had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.21 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a dividend yield of 0.65%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 45.66%.

Insider Buying and Selling at Monolithic Power Systems

In other news, CEO Michael Hsing sold 58,654 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $583.14, for a total transaction of $34,203,493.56. Following the transaction, the chief executive officer now directly owns 937,772 shares of the company’s stock, valued at $546,852,364.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Michael Hsing sold 58,654 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $583.14, for a total value of $34,203,493.56. Following the transaction, the chief executive officer now directly owns 937,772 shares of the company’s stock, valued at approximately $546,852,364.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Saria Tseng sold 18,610 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $600.00, for a total value of $11,166,000.00. Following the sale, the vice president now directly owns 232,884 shares of the company’s stock, valued at approximately $139,730,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,173 shares of company stock worth $110,812,424. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Profile

(Free Report)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

See Also

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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