Atria Investments LLC Makes New $1.01 Million Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Atria Investments LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,700 shares of the semiconductor company’s stock, valued at approximately $1,008,000.

Other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its holdings in shares of Monolithic Power Systems by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 54,275 shares of the semiconductor company’s stock valued at $20,269,000 after buying an additional 321 shares during the period. Advisor OS LLC lifted its holdings in shares of Monolithic Power Systems by 19.3% in the second quarter. Advisor OS LLC now owns 3,769 shares of the semiconductor company’s stock valued at $1,407,000 after buying an additional 610 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Monolithic Power Systems by 14.3% in the second quarter. Rafferty Asset Management LLC now owns 145,852 shares of the semiconductor company’s stock valued at $54,468,000 after buying an additional 18,195 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at $1,557,000. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Monolithic Power Systems by 16.4% in the second quarter. Frontier Capital Management Co. LLC now owns 41,563 shares of the semiconductor company’s stock valued at $15,522,000 after buying an additional 5,858 shares during the period. Institutional investors own 93.74% of the company’s stock.

NASDAQ:MPWR opened at $488.62 on Tuesday. The firm has a market capitalization of $22.44 billion, a price-to-earnings ratio of 116.62, a PEG ratio of 4.12 and a beta of 0.92. Monolithic Power Systems, Inc. has a 1-year low of $247.87 and a 1-year high of $505.82. The business’s fifty day moving average price is $457.11 and its 200 day moving average price is $388.07.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, July 27th. The semiconductor company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.69. Monolithic Power Systems had a return on equity of 19.63% and a net margin of 19.13%. The firm had revenue of $293.30 million for the quarter, compared to analyst estimates of $281.24 million. During the same period in the previous year, the firm earned $1.08 earnings per share. Monolithic Power Systems’s quarterly revenue was up 57.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 4.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, September 29th. Monolithic Power Systems’s payout ratio is currently 68.18%.

Several equities research analysts have recently commented on MPWR shares. Stifel Nicolaus upped their target price on Monolithic Power Systems from $460.00 to $552.00 and gave the company a “buy” rating in a report on Tuesday, August 31st. Raymond James upped their target price on Monolithic Power Systems from $420.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Oppenheimer upped their target price on Monolithic Power Systems from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft upped their target price on Monolithic Power Systems from $445.00 to $525.00 and gave the company a “buy” rating in a report on Friday, September 10th. Finally, Needham & Company LLC upped their target price on Monolithic Power Systems from $415.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Buy” and an average target price of $474.89.

In other news, CEO Michael Hsing sold 7,926 shares of the stock in a transaction dated Monday, August 9th. The stock was sold at an average price of $459.12, for a total transaction of $3,638,985.12. Following the transaction, the chief executive officer now owns 992,764 shares of the company’s stock, valued at approximately $455,797,807.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeff Zhou sold 1,500 shares of the stock in a transaction dated Monday, June 28th. The shares were sold at an average price of $369.27, for a total value of $553,905.00. Following the transaction, the director now directly owns 10,509 shares in the company, valued at approximately $3,880,658.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,004 shares of company stock worth $31,943,342. Insiders own 2.00% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc is a semiconductor company, which engages in designing, developing, and marketing analog solutions for computing and storage, automotive, industrial, communications, and consumer markets. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog, and motor drivers.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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