Atria Wealth Solutions Inc. Decreases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Atria Wealth Solutions Inc. cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 12,753 shares of the semiconductor company’s stock after selling 258 shares during the period. Atria Wealth Solutions Inc.’s holdings in Monolithic Power Systems were worth $8,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Harvest Fund Management Co. Ltd boosted its holdings in shares of Monolithic Power Systems by 13.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,140 shares of the semiconductor company’s stock worth $2,567,000 after buying an additional 500 shares during the period. Yousif Capital Management LLC lifted its position in shares of Monolithic Power Systems by 4.1% in the fourth quarter. Yousif Capital Management LLC now owns 8,776 shares of the semiconductor company’s stock worth $5,536,000 after purchasing an additional 346 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $276,000. Linden Thomas Advisory Services LLC lifted its position in shares of Monolithic Power Systems by 7.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 4,567 shares of the semiconductor company’s stock worth $2,881,000 after purchasing an additional 306 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Monolithic Power Systems by 2.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,104 shares of the semiconductor company’s stock worth $696,000 after purchasing an additional 28 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPWR has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Oppenheimer increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. TD Cowen increased their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp increased their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Needham & Company LLC increased their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $670.30.

Monolithic Power Systems Stock Up 1.6 %

MPWR traded up $10.27 during trading on Friday, reaching $670.61. 22,381 shares of the company’s stock were exchanged, compared to its average volume of 530,714. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15. The business has a 50 day moving average price of $683.86 and a 200 day moving average price of $607.16. The company has a market capitalization of $32.63 billion, a P/E ratio of 75.38, a PEG ratio of 3.44 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.75%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.08%.

Insider Buying and Selling at Monolithic Power Systems

In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the sale, the chief executive officer now directly owns 921,774 shares in the company, valued at approximately $554,917,165.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $602.01, for a total value of $4,816,080.00. Following the completion of the transaction, the chief executive officer now owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the sale, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,077 shares of company stock valued at $30,357,479. 3.20% of the stock is currently owned by corporate 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.