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

Arcadia Investment Management Corp MI decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,548 shares of the semiconductor company’s stock after selling 134 shares during the period. Monolithic Power Systems accounts for approximately 3.3% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 8th largest holding. Arcadia Investment Management Corp MI’s holdings in Monolithic Power Systems were worth $19,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Monolithic Power Systems by 19.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after buying an additional 9,125 shares during the period. Cetera Investment Advisers raised its stake in Monolithic Power Systems by 237.3% during the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after purchasing an additional 4,760 shares during the period. Czech National Bank raised its stake in Monolithic Power Systems by 9.8% during the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after purchasing an additional 824 shares during the period. Acadian Asset Management LLC raised its stake in Monolithic Power Systems by 224.4% during the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after purchasing an additional 1,057 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in Monolithic Power Systems during the first quarter worth approximately $5,161,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.0 %

MPWR opened at $759.37 on Friday. The company has a fifty day simple moving average of $897.06 and a 200 day simple moving average of $823.57. The firm has a market cap of $37.02 billion, a price-to-earnings ratio of 85.61, a PEG ratio of 3.51 and a beta of 1.15. Monolithic Power Systems, Inc. has a twelve month low of $459.69 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million for 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, analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the completion of the transaction, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at $673,565,775.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the completion of the transaction, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at $673,565,775.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was 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 of the company’s stock, valued at approximately $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. Insiders sold a total of 39,636 shares of company stock valued at $36,459,953 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen cut their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James raised their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Needham & Company LLC cut their target price on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus raised 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 research note on Friday, September 27th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $942.40.

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.