Atria Wealth Solutions Inc. Has $1.32 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Atria Wealth Solutions Inc. boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 26.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,269 shares of the semiconductor company's stock after buying an additional 471 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Monolithic Power Systems were worth $1,318,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Geneva Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 5.6% during the first quarter. Geneva Capital Management LLC now owns 38,388 shares of the semiconductor company's stock worth $22,264,000 after buying an additional 2,049 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 22.5% in the 1st quarter. Manchester Capital Management LLC now owns 147 shares of the semiconductor company's stock worth $85,000 after acquiring an additional 27 shares in the last quarter. Banco Santander S.A. bought a new stake in Monolithic Power Systems during the 1st quarter worth approximately $818,000. PNC Financial Services Group Inc. increased its holdings in Monolithic Power Systems by 10.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,456 shares of the semiconductor company's stock valued at $6,064,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Baker Avenue Asset Management LP acquired a new stake in Monolithic Power Systems during the 1st quarter valued at $279,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a "neutral" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, August 1st. Loop Capital lifted their price target on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. KeyCorp upped their price target on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $875.00 target price (up from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $838.09.

Monolithic Power Systems Trading Up 5.4%

Monolithic Power Systems stock traded up $43.05 during mid-day trading on Tuesday, hitting $840.56. The stock had a trading volume of 713,712 shares, compared to its average volume of 654,728. The stock has a 50-day simple moving average of $734.63 and a two-hundred day simple moving average of $658.40. The stock has a market capitalization of $40.25 billion, a PE ratio of 21.89, a P/E/G ratio of 2.97 and a beta of 1.18. 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 announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The business had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. During the same period in the prior year, the business posted $3.17 earnings per share. Monolithic Power Systems's revenue was up 31.0% compared to the same quarter last year. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 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, July 15th. Investors of record on Monday, June 30th were paid a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems's payout ratio is 16.25%.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 39,999 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $780.00, for a total value of $31,199,220.00. Following the completion of the sale, the executive vice president owned 121,605 shares in the company, valued at approximately $94,851,900. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $750.00, for a total value of $2,250,000.00. Following the completion of the transaction, the chief financial officer directly owned 43,939 shares in the company, valued at $32,954,250. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,999 shares of company stock valued at $37,949,220. 3.40% of the stock is owned by 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.