Greenland Capital Management LP Sells 6,718 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Greenland Capital Management LP reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 87.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,001 shares of the semiconductor company's stock after selling 6,718 shares during the period. Greenland Capital Management LP's holdings in Monolithic Power Systems were worth $592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after purchasing an additional 74,046 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after acquiring an additional 31,295 shares during the period. Invesco Ltd. boosted its holdings in shares of Monolithic Power Systems by 7.5% in the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after acquiring an additional 81,412 shares in the last quarter. Norges Bank acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $493,807,000. Finally, Van ECK Associates Corp lifted its position in Monolithic Power Systems by 73.3% in the fourth 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. Institutional investors and hedge funds own 93.46% of the company's stock.

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Wall Street Analysts Forecast Growth

MPWR has been the subject of several research analyst reports. 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 report on Friday, March 21st. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Oppenheimer restated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Wells Fargo & Company decreased their target price on 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, Citigroup dropped their price target on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $844.50.

Monolithic Power Systems Price Performance

NASDAQ:MPWR traded up $7.11 during mid-day trading on Monday, reaching $540.24. The stock had a trading volume of 327,104 shares, compared to its average volume of 760,065. The stock has a market cap of $25.86 billion, a P/E ratio of 14.69, a PEG ratio of 2.60 and a beta of 1.21. The business's 50 day moving average is $607.94 and its 200 day moving average is $667.06. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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%. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.97%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction 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 approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company's stock.

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.