Oak Ridge Investments LLC reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,767 shares of the semiconductor company's stock after selling 873 shares during the period. Oak Ridge Investments LLC's holdings in Monolithic Power Systems were worth $3,412,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock worth $731,000 after acquiring an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 2.5% during the third 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 during the last quarter. Greenleaf Trust boosted its position 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 period. Aptus Capital Advisors LLC increased its stake in Monolithic Power Systems by 4.8% in the 3rd 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 raised its holdings in Monolithic Power Systems by 4.7% during the 2nd 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 period. 93.46% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on MPWR shares. Truist Financial reissued a "buy" rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Needham & Company LLC lowered their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. KeyCorp reduced their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price target on the stock in a report on Monday, November 18th. Finally, Stifel Nicolaus increased their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus target price of $828.67.
Get Our Latest Stock Analysis on Monolithic Power Systems
Insider Activity at Monolithic Power Systems
In related news, EVP Deming Xiao sold 866 shares of the company's stock in a transaction on 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 directly owns 162,239 shares of the company's stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Friday, November 1st. The stock was 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 $43,809,826.88. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,600 shares of company stock valued at $4,656,631. Insiders own 3.70% of the company's stock.
Monolithic Power Systems Trading Up 4.9 %
MPWR stock traded up $29.16 during mid-day trading on Friday, hitting $625.82. The stock had a trading volume of 1,066,120 shares, compared to its average volume of 633,666. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a fifty day moving average of $599.06 and a 200 day moving average of $774.35. The stock has a market capitalization of $30.53 billion, a price-to-earnings ratio of 70.55, a PEG ratio of 2.26 and a beta of 1.03.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, sell-side analysts expect 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. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.80%. Monolithic Power Systems's dividend payout ratio is currently 56.37%.
About Monolithic Power Systems
(
Free Report)
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.
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