Arcadia Investment Management Corp MI Buys 567 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Arcadia Investment Management Corp MI boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,115 shares of the semiconductor company's stock after purchasing an additional 567 shares during the quarter. Monolithic Power Systems comprises 2.1% of Arcadia Investment Management Corp MI's holdings, making the stock its 16th largest holding. Arcadia Investment Management Corp MI's holdings in Monolithic Power Systems were worth $13,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. West Oak Capital LLC boosted its holdings in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 545 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Monolithic Power Systems in the third quarter worth about $36,000. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems in the fourth quarter worth about $39,000. Rakuten Securities Inc. boosted its holdings in Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 41 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Monolithic Power Systems by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company's stock worth $64,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MPWR shares. KeyCorp raised their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Loop Capital lifted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. TD Cowen decreased their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $866.17.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was 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 in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were 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 owns 16,015 shares of the company's stock, valued at $11,242,209.70. This trade represents a 30.41 % 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 Trading Down 0.4 %

Shares of MPWR stock opened at $689.81 on Friday. The stock has a 50 day moving average of $636.72 and a 200 day moving average of $747.60. The stock has a market cap of $33.65 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.61 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced 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 net margin of 80.95% and a return on equity of 20.36%. On average, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is currently 13.60%.

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.

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