Atria Investments LLC Trims Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Atria Investments LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,758 shares of the semiconductor company’s stock after selling 235 shares during the quarter. Atria Investments LLC’s holdings in Monolithic Power Systems were worth $1,059,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MPWR. FDx Advisors Inc. lifted its position in shares of Monolithic Power Systems by 18.5% during the 1st quarter. FDx Advisors Inc. now owns 1,013 shares of the semiconductor company’s stock worth $492,000 after buying an additional 158 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Monolithic Power Systems by 2.6% during the 1st quarter. Arizona State Retirement System now owns 12,189 shares of the semiconductor company’s stock worth $5,920,000 after purchasing an additional 311 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Monolithic Power Systems by 11.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 131,382 shares of the semiconductor company’s stock worth $63,810,000 after purchasing an additional 13,958 shares during the period. Gladstone Institutional Advisory LLC acquired a new position in shares of Monolithic Power Systems during the 1st quarter worth $625,000. Finally, Victory Capital Management Inc. grew its stake in shares of Monolithic Power Systems by 23.8% during the 1st quarter. Victory Capital Management Inc. now owns 196,922 shares of the semiconductor company’s stock worth $91,464,000 after purchasing an additional 37,870 shares during the period. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $375.69 on Friday. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 46.38, a P/E/G ratio of 1.59 and a beta of 1.09. Monolithic Power Systems, Inc. has a 52-week low of $301.69 and a 52-week high of $573.60. The stock has a 50-day simple moving average of $361.07 and a 200-day simple moving average of $412.83.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $3.00 annualized dividend and a dividend yield of 0.80%. Monolithic Power Systems’s dividend payout ratio is 37.04%.

Analysts Set New Price Targets

MPWR has been the topic of several recent research reports. Needham & Company LLC decreased their price objective on shares of Monolithic Power Systems from $550.00 to $450.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $550.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, October 21st. StockNews.com began coverage on shares of Monolithic Power Systems in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a research report on Friday, November 11th. They set an “overweight” rating and a $435.00 price target for the company. Finally, KeyCorp reduced their price objective on Monolithic Power Systems from $500.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $431.70.

Insider Activity

In other news, insider Deming Xiao sold 4,305 shares of Monolithic Power Systems stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $372.60, for a total transaction of $1,604,043.00. Following the completion of the sale, the insider now directly owns 275,172 shares in the company, valued at approximately $102,529,087.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, Director James C. Moyer sold 9,800 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $385.89, for a total value of $3,781,722.00. Following the transaction, the director now directly owns 82,938 shares of the company’s stock, valued at approximately $32,004,944.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Deming Xiao sold 4,305 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $372.60, for a total value of $1,604,043.00. Following the completion of the transaction, the insider now directly owns 275,172 shares in the company, valued at $102,529,087.20. The disclosure for this sale can be found here. Insiders sold a total of 43,796 shares of company stock worth $16,370,121 in the last three months. 2.00% of the stock is owned by insiders.

About Monolithic Power Systems

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Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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