Carderock Capital Management Inc. Lowers Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Carderock Capital Management Inc. reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 51.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Evergreen Capital Management LLC boosted its position in shares of Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after buying an additional 12 shares during the period. Outlook Wealth Advisors LLC lifted its stake in Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 12 shares in the last quarter. Greenleaf Trust lifted its stake in Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after acquiring an additional 14 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 14 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Monolithic Power Systems by 4.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated 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 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 have sold 6,600 shares of company stock valued at $4,656,631 in the last ninety days. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of several research reports. Needham & Company LLC reduced their price target 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. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Truist Financial restated a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company started coverage on Monolithic Power Systems in a research note on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $828.67.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $625.82 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a market cap of $30.53 billion, a P/E ratio of 70.55, a P/E/G ratio of 2.26 and a beta of 1.03. The stock has a 50-day simple moving average of $599.06 and a 200-day simple moving average of $775.18.

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

Monolithic Power Systems Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Monolithic Power Systems 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.