Arcadia Investment Management Corp MI Lowers Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Arcadia Investment Management Corp MI trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,075 shares of the semiconductor company's stock after selling 1,040 shares during the period. Monolithic Power Systems comprises 2.2% of Arcadia Investment Management Corp MI's investment portfolio, making the stock its 15th largest position. Arcadia Investment Management Corp MI's holdings in Monolithic Power Systems were worth $12,223,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after purchasing an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD raised its position in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after buying an additional 214,395 shares during the last quarter. Geode Capital Management LLC increased its position in Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after acquiring an additional 31,295 shares during the last quarter. Invesco Ltd. grew its holdings in Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after purchasing an additional 81,412 shares during the period. Finally, Brown Advisory Inc. lifted its position in shares of Monolithic Power Systems by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after acquiring an additional 5,274 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 0.6%

Monolithic Power Systems stock traded down $4.39 during mid-day trading on Friday, hitting $736.06. The company's stock had a trading volume of 383,148 shares, compared to its average volume of 805,771. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock's fifty day moving average is $701.64 and its two-hundred day moving average is $638.27. The firm has a market capitalization of $35.24 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.92 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. Monolithic Power Systems's revenue for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the business posted $2.81 EPS. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.85%. Monolithic Power Systems's payout ratio is 16.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James Financial restated an "outperform" rating and set a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities reaffirmed a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen upped their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. KeyCorp upped their price target on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Citigroup raised their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $799.42.

Insiders Place Their Bets

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director owned 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president directly owned 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock worth $13,046,800 in the last quarter. 3.40% of the stock is owned by company insiders.

About Monolithic Power Systems

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.