Atria Investments Inc Has $2.74 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Atria Investments Inc increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,967 shares of the semiconductor company’s stock after buying an additional 301 shares during the period. Atria Investments Inc’s holdings in Monolithic Power Systems were worth $2,743,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MPWR. Assetmark Inc. lifted its position in Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Monolithic Power Systems by 19.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after acquiring an additional 9,125 shares during the period. Cetera Investment Advisers lifted its stake in shares of Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after purchasing an additional 4,760 shares during the period. Czech National Bank boosted its position in shares of Monolithic Power Systems by 9.8% in the 2nd 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 last quarter. Finally, Acadian Asset Management LLC increased its holdings in Monolithic Power Systems by 224.4% in the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after purchasing an additional 1,057 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of analyst reports. Loop Capital began coverage on shares of Monolithic Power Systems in a research report on Monday. They issued a “hold” rating and a $660.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $950.00 price target on shares of Monolithic Power Systems in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. 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. Finally, Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Two analysts have 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $601.47 on Thursday. Monolithic Power Systems, Inc. has a one year low of $523.64 and a one year high of $959.64. The company has a market cap of $29.34 billion, a P/E ratio of 67.81, a P/E/G ratio of 3.07 and a beta of 1.15. The firm has a 50 day simple moving average of $866.42 and a two-hundred day simple moving average of $828.49.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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). 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 the consensus estimate of $600.10 million. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.83%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at $42,805,551.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems 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 directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,359 shares of company stock valued at $36,209,571 over the last 90 days. 3.70% of the stock is owned by insiders.

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.