Carderock Capital Management Inc. Sells 5,172 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Carderock Capital Management Inc. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 51.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,850 shares of the semiconductor company's stock after selling 5,172 shares during the period. Carderock Capital Management Inc.'s holdings in Monolithic Power Systems were worth $2,870,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MPWR. Evergreen Capital Management LLC lifted its stake in Monolithic Power Systems by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock valued at $731,000 after acquiring an additional 12 shares during the last quarter. Outlook Wealth Advisors LLC raised its holdings in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock valued at $461,000 after purchasing an additional 12 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Monolithic Power Systems by 1.5% in the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company's stock valued at $905,000 after purchasing an additional 14 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in Monolithic Power Systems by 4.8% in the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock worth $285,000 after purchasing an additional 14 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Monolithic Power Systems by 4.7% during the second quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company's stock worth $287,000 after buying an additional 15 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the transaction, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,600 shares of company stock worth $4,656,631 over the last quarter. Company insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $29.16 on Friday, reaching $625.82. 1,066,120 shares of the stock traded hands, compared to its average volume of 633,666. The stock's 50-day moving average price is $599.06 and its 200-day moving average price is $774.80. The firm has a market cap of $30.53 billion, a price-to-earnings ratio of 70.55, a P/E/G ratio of 2.26 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.80%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems's dividend payout ratio (DPR) is presently 56.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. KeyCorp dropped their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating on the stock in a research report on Monday, November 18th. Needham & Company LLC dropped their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Citigroup initiated coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price target for the company. Truist Financial reaffirmed a "buy" rating and issued a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Finally, Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $828.67.

Monolithic Power Systems Company Profile

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.