Arcadia Investment Management Corp MI Has $12.22 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Arcadia Investment Management Corp MI cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,075 shares of the semiconductor company's stock after selling 1,040 shares during the quarter. Monolithic Power Systems accounts for about 2.2% of Arcadia Investment Management Corp MI's investment portfolio, making the stock its 15th largest holding. Arcadia Investment Management Corp MI's holdings in Monolithic Power Systems were worth $12,223,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after buying an additional 200 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Monolithic Power Systems by 8.4% during the 4th quarter. Atria Investments Inc now owns 3,215 shares of the semiconductor company's stock valued at $1,902,000 after buying an additional 248 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $42,401,000. Amundi lifted its holdings in shares of Monolithic Power Systems by 20.4% during the 4th quarter. Amundi now owns 92,188 shares of the semiconductor company's stock valued at $56,183,000 after buying an additional 15,591 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $27,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 1.3%

NASDAQ MPWR traded down $10.17 during trading on Wednesday, hitting $751.14. The company's stock had a trading volume of 584,709 shares, compared to its average volume of 803,618. The firm has a 50 day moving average price of $693.72 and a 200 day moving average price of $635.69. The firm has a market cap of $35.96 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64.

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

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's dividend payout ratio is presently 16.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and issued a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen raised their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $799.42.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director directly owned 676 shares in the company, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the sale, the chief financial officer directly owned 46,939 shares in the company, valued at approximately $35,204,250. This represents a 11.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,200 shares of company stock worth $13,046,800. Company insiders own 3.40% of the company's stock.

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.