Everence Capital Management Inc. Purchases Shares of 1,260 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Everence Capital Management Inc. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,260 shares of the semiconductor company's stock, valued at approximately $795,000.

Several other large investors have also added to or reduced their stakes in the business. Achmea Investment Management B.V. bought a new position in shares of Monolithic Power Systems in the first quarter valued at approximately $27,000. Sunbelt Securities Inc. purchased a new position in shares of Monolithic Power Systems in the first quarter valued at $37,000. Arlington Trust Co LLC grew its position in shares of Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Operose Advisors LLC purchased a new position in Monolithic Power Systems during the third quarter worth about $43,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares in the company, valued at $51,137,143.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the completion of the transaction, the chief executive officer now directly owns 921,774 shares in the company, valued at $554,917,165.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the sale, the chief financial officer now owns 84,768 shares of the company's stock, valued at $51,137,143.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded down $17.41 during mid-day trading on Thursday, hitting $620.31. The company's stock had a trading volume of 652,898 shares, compared to its average volume of 534,125. The stock has a market cap of $30.18 billion, a price-to-earnings ratio of 70.81, a price-to-earnings-growth ratio of 3.51 and a beta of 1.24. The company's fifty day simple moving average is $697.55 and its 200-day simple moving average is $601.37. Monolithic Power Systems, Inc. has a one year low of $383.19 and a one year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). The company had revenue of $454.01 million during 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%. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $1.25 per share. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 57.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities boosted their target price on Monolithic Power Systems from $550.00 to $750.00 and gave the company a "buy" rating in a research note on Tuesday, December 26th. Oppenheimer increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. TD Cowen raised their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" 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 stock a "buy" rating in a report on Tuesday, January 2nd. Finally, KeyCorp boosted their price objective on Monolithic Power Systems to $850.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $670.30.

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.