Arkadios Wealth Advisors Makes New $575,000 Investment in Monolithic Power Systems, Inc. $MPWR

Arkadios Wealth Advisors acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 624 shares of the semiconductor company’s stock, valued at approximately $575,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after acquiring an additional 19,277 shares during the last quarter. JPMorgan Chase & Co. increased its position in Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after purchasing an additional 227,159 shares during the last quarter. Bank of America Corp DE raised its stake in Monolithic Power Systems by 18.0% during the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after purchasing an additional 105,721 shares in the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems during the second quarter valued at $438,014,000. Finally, Massachusetts Financial Services Co. MA lifted its position in Monolithic Power Systems by 14.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock valued at $512,416,000 after purchasing an additional 71,199 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MPWR. Wolfe Research set a $1,200.00 price objective on shares of Monolithic Power Systems and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. TD Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Rosenblatt Securities upped their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Finally, Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems has an average rating of “Buy” and a consensus target price of $1,093.75.

Insider Activity

In other Monolithic Power Systems news, Director Victor K. Lee sold 600 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $930.86, for a total transaction of $558,516.00. Following the sale, the director owned 27,967 shares in the company, valued at approximately $26,033,361.62. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 3,976 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $895.23, for a total value of $3,559,434.48. Following the completion of the transaction, the executive vice president directly owned 144,330 shares in the company, valued at $129,208,545.90. This represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 69,976 shares of company stock valued at $63,370,417. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Up 0.4%

Shares of MPWR opened at $1,068.14 on Tuesday. The firm has a market cap of $51.17 billion, a PE ratio of 27.28, a P/E/G ratio of 3.00 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38. The stock has a fifty day moving average price of $956.93 and a 200-day moving average price of $908.02.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.11. The company had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.06 EPS. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $1.56 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is 15.93%.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.