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

Arcadia Investment Management Corp MI lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,115 shares of the semiconductor company’s stock after acquiring an additional 567 shares during the period. Monolithic Power Systems makes up 2.1% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 16th largest position. Arcadia Investment Management Corp MI’s holdings in Monolithic Power Systems were worth $13,085,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. West Oak Capital LLC boosted its stake in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after buying an additional 545 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Monolithic Power Systems during the third quarter worth $36,000. Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $39,000. Rakuten Securities Inc. boosted its stake in Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after buying an additional 41 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Monolithic Power Systems by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after buying an additional 41 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $689.81 on Friday. The stock’s 50-day moving average is $636.72 and its two-hundred day moving average is $747.60. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a market cap of $33.65 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is presently 13.60%.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent research reports. Oppenheimer lowered their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. TD Cowen decreased their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Citigroup started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

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.