Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,548 shares of the semiconductor company’s stock after selling 134 shares during the period. Monolithic Power Systems comprises approximately 3.3% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 8th largest position. Arcadia Investment Management Corp MI’s holdings in Monolithic Power Systems were worth $19,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter worth $25,000. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at about $27,000. NBC Securities Inc. raised its holdings in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares during the last quarter. Finally, Atwood & Palmer Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at about $33,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. TD Cowen reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday. Raymond James upped their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Truist Financial reiterated a “buy” rating and set a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $942.40.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the transaction, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Michael Hsing sold 2,790 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $2,171,708.10. Following the sale, the chief executive officer now directly owns 865,332 shares in the company, valued at $673,565,775.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 728 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the sale, the chief financial officer now owns 64,178 shares in the company, valued at $49,955,513.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,636 shares of company stock worth $36,459,953. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Trading Up 0.0 %

Shares of MPWR opened at $759.37 on Friday. The firm’s 50-day moving average is $897.06 and its two-hundred day moving average is $823.57. Monolithic Power Systems, Inc. has a twelve month low of $459.69 and a twelve month high of $959.64. The firm has a market capitalization of $37.02 billion, a P/E ratio of 85.61, a PEG ratio of 3.51 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.66%. Monolithic Power Systems’s payout ratio is currently 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.