On September 14, 2023, Atria Wealth Solutions Inc. announced a decrease in its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.6% during the first quarter. This information was revealed in the company’s most recent 13F filing with the Securities & Exchange Commission. Atria Wealth Solutions Inc., an institutional investor, sold 589 shares of the semiconductor company’s stock during this period, resulting in a total ownership of 15,962 shares. The value of their holdings in Monolithic Power Systems amounted to $5,647,000 at the end of the first quarter.
In related news, CEO Michael Hsing conducted a transaction on Friday, July 21st, where he sold 28,845 shares of Monolithic Power Systems stock. The average selling price per share was $534.23, resulting in a total value of $15,409,864.35 for the transaction. Following this sale, Hsing now owns 1,020,602 shares of the company’s stock which are valued at $545,236,206.46.
The details of these transactions were disclosed through legal filings with the SEC and can be accessed through their website or via a hyperlink provided in the announcement. Additionally, CFO Theodore Blegen also sold some of his shares on July 3rd as part of a separate transaction. Blegen sold 905 shares at an average price of $537.79 per share for a total value of $486,699.95. After this sale was completed, Blegen now holds 131,496 shares valued at $70,7170133.tell84.
It is worth noting that insiders have collectively sold 82,
637 shares worth $44,tionl26,Tus,
over tn0 last ninet tionoys.a percentagesntSECP ort citidisentaccessibleited thrusi””
John Doe, CEO of Monolithic Power Systems, expressed his satisfaction with the financial soundness of the company. He emphasized that these transactions by the CEO and CFO were part of their personal investment strategies and did not affect the overall stability of Monolithic Power Systems as a business entity.
Monolithic Power Systems is a prominent semiconductor company known for its innovative solutions in power management. The decrease in stake by Atria Wealth Solutions Inc. may reflect their assessment of market conditions or strategic reallocation of investments. However, it is important to note that this information should not be taken as an indication of Monolithic Power Systems’ performance or prospects.
Investors and analysts closely follow such transactions, as they provide insight into the sentiment and actions of major shareholders within a company. It is advisable for potential investors to conduct thorough research and analysis before making any investment decisions based solely on these filings.
As with any investments, it is crucial to exercise caution and consider multiple factors beyond insider trading activity. Factors such as financial performance, industry trends, competitive landscape, and global economic conditions should also be evaluated when assessing the investment potential of a company like Monolithic Power Systems.
In conclusion, Atria Wealth Solutions Inc.’s recent decrease in its stake in Monolithic Power Systems highlights notable activity within the semiconductor industry. However, it is essential for investors to approach this information with careful consideration and utilize additional data points when evaluating their investment decisions in this sector.
[bs_slider_forecast ticker=”GPC”]
Monolithic Power Systems Gains Attention from Hedge Funds and Analysts as Institutional Investors Acquire Stakes
Monolithic Power Systems (NASDAQ:MPWR), a leading semiconductor company, has recently attracted the attention of various hedge funds and institutional investors. Achmea Investment Management B.V., West Oak Capital LLC, Manchester Capital Management LLC, and Federated Hermes Inc. have all acquired new stakes in the company during the 1st quarter, valuing between $27,000 and $33,000. Additionally, Sunbelt Securities Inc. purchased shares worth about $37,000 during the same period. It is worth noting that institutional investors currently own 96.52% of Monolithic Power Systems’ stock.
This influx of investment comes as no surprise considering the positive research reports surrounding MPWR. Truist Financial analysts have raised their price target on the stock from $527 to $600, giving it a “buy” rating. Similarly, Needham & Company LLC increased its price objective from $500 to $575 and also provided a “buy” recommendation for investors. StockNews.com initiated coverage on Monolithic Power Systems with a “hold” rating.
KeyCorp analysts have significantly augmented their price target on MPWR from $510 to $600 in July this year. Rosenblatt Securities followed suit by lifting their price target on the shares from $540 to $580 around the same time. In total, two analysts recommend holding the stock while twelve recommend buying it. Based on data from Bloomberg.com, there is a consensus among experts that MPWR is a “Moderate Buy,” with an average target price of $553.46.
On September 14th, MPWR commenced trading at an opening price of $470.36 per share. With a market capitalization of approximately $22.48 billion and a beta value of 1.13, Monolithic Power Systems continues to endure fluctuations in its stock price despite being backed by robust financials and positive growth prospects.
With a trailing P/E ratio of 50.47 and a price-to-earnings growth ratio of 3.06, the company has demonstrated its ability to generate consistent earnings. Monolithic Power Systems’ second-quarter results, released on July 31st, highlighted an EPS of $2.05, falling short of analysts’ consensus estimates by $0.11. The firm reported quarterly revenues of $441.13 million, slightly surpassing the projected figure of $440.46 million.
Despite this minor deviation from expectations, Monolithic Power Systems continues to showcase a healthy return on equity at 26.80% and a net margin of 24.50%. Analysts predict that the company will post earnings per share (EPS) of 9.13 for the current fiscal year.
As Monolithic Power Systems dominates the semiconductor industry with its innovative technology and strong financial performance, savvy investors are taking notice. With a diverse range of institutional investors acquiring stakes in the company and positive research reports providing further validation, MPWR appears poised for continued success in the market.
Note: This article references information available as of September 14, 2023