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

Arcadia Investment Management Corp MI lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,075 shares of the semiconductor company's stock after selling 1,040 shares during the period. Monolithic Power Systems accounts for approximately 2.2% of Arcadia Investment Management Corp MI's holdings, making the stock its 15th biggest 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.

Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares during the last quarter. AlphaQuest LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $41,000. Finally, Global Financial Private Client LLC lifted its holdings in shares of Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MPWR. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. 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 report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $799.42.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded down $10.69 during trading on Thursday, reaching $740.45. 386,923 shares of the company were exchanged, compared to its average volume of 805,585. The firm has a market capitalization of $35.45 billion, a PE ratio of 19.66, a P/E/G ratio of 2.98 and a beta of 1.20. The business's fifty day simple moving average is $699.65 and its 200-day simple moving average is $637.34. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

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

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.84%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's payout ratio is 16.56%.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director directly 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 filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer directly owned 46,939 shares in the company, valued at approximately $35,204,250. The trade was a 11.33% 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 valued at $13,046,800 over the last ninety days. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Company 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.