Peak Retirement Planning Inc. Makes New $949,000 Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Peak Retirement Planning Inc. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,595 shares of the semiconductor company’s stock, valued at approximately $949,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Avantax Advisory Services Inc. grew its holdings in Monolithic Power Systems by 0.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after purchasing an additional 14 shares during the period. Allworth Financial LP grew its stake in shares of Monolithic Power Systems by 11.5% during the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after buying an additional 16 shares during the period. WP Advisors LLC increased its holdings in shares of Monolithic Power Systems by 3.2% during the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after buying an additional 16 shares during the last quarter. Keybank National Association OH raised its position in shares of Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock worth $1,079,000 after buying an additional 22 shares during the period. Finally, Truvestments Capital LLC boosted its holdings in Monolithic Power Systems by 5.0% in the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 22 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the transaction, the director now owns 676 shares of the company’s stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock worth $8,546,800 over the last 90 days. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $662.18 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The company has a market capitalization of $31.71 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The firm’s fifty day moving average price is $594.20 and its 200 day moving average price is $613.57.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.81 EPS. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. Wells Fargo & Company dropped their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Raymond James reissued an “outperform” rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. KeyCorp cut their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, TD Cowen raised their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $779.83.

About Monolithic Power Systems

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.