Atria Wealth Solutions Inc. Sells 258 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Atria Wealth Solutions Inc. lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd increased its holdings in Monolithic Power Systems by 13.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 4,140 shares of the semiconductor company’s stock valued at $2,567,000 after purchasing an additional 500 shares during the period. Yousif Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 4.1% during the 4th quarter. Yousif Capital Management LLC now owns 8,776 shares of the semiconductor company’s stock worth $5,536,000 after acquiring an additional 346 shares during the period. GAMMA Investing LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $276,000. Linden Thomas Advisory Services LLC grew its holdings in shares of Monolithic Power Systems by 7.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 4,567 shares of the semiconductor company’s stock worth $2,881,000 after acquiring an additional 306 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Monolithic Power Systems by 2.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,104 shares of the semiconductor company’s stock worth $696,000 after acquiring an additional 28 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 130,744 shares in the company, valued at approximately $89,145,181.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock worth $30,357,479 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Monolithic Power Systems Trading Up 1.6 %

MPWR stock traded up $10.27 during midday trading on Friday, hitting $670.61. The company’s stock had a trading volume of 22,381 shares, compared to its average volume of 530,714. The company has a market cap of $32.63 billion, a PE ratio of 75.38, a P/E/G ratio of 3.44 and a beta of 1.24. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The firm’s 50-day moving average is $683.86 and its 200-day moving average is $607.16.

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

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 0.75%. Monolithic Power Systems’s payout ratio is currently 57.08%.

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.