Atria Wealth Solutions Inc. Cuts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Atria Wealth Solutions Inc. reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 82.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,798 shares of the semiconductor company’s stock after selling 8,545 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Monolithic Power Systems were worth $1,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Monolithic Power Systems during the third quarter worth $36,000. Rakuten Securities Inc. raised its position in shares of Monolithic Power Systems by 410.0% in the 3rd 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. Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter worth $39,000. Capital Performance Advisors LLP bought a new stake in Monolithic Power Systems during the third quarter valued at about $65,000. Finally, Versant Capital Management Inc grew its stake 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 valued at $64,000 after purchasing an additional 41 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Oppenheimer decreased their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. KeyCorp increased their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Loop Capital raised their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two equities research 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.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $866.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’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 transaction, 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 position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $652.74 on Tuesday. The stock has a 50-day moving average of $638.26 and a two-hundred day moving average of $745.12. The stock has a market cap of $31.84 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Monolithic Power Systems 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.