Peak Retirement Planning Inc. Acquires 464 Shares of Monolithic Power Systems, Inc. $MPWR

Peak Retirement Planning Inc. grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,041 shares of the semiconductor company’s stock after buying an additional 464 shares during the period. Peak Retirement Planning Inc.’s holdings in Monolithic Power Systems were worth $2,756,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Monolithic Power Systems in the 4th quarter worth $658,656,000. SG Americas Securities LLC lifted its holdings in shares of Monolithic Power Systems by 77,483.1% in the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after purchasing an additional 178,622 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Needham & Company LLC increased their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the transaction, the director directly owned 4,786 shares in the company, valued at approximately $7,595,669.16. This trade represents a 17.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Saria Tseng sold 25,674 shares of Monolithic Power Systems stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the sale, the executive vice president owned 174,982 shares in the company, valued at $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 113,043 shares of company stock worth $160,829,940. 3.40% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Up 5.4%

Shares of NASDAQ:MPWR opened at $1,624.99 on Wednesday. The stock’s fifty day simple moving average is $1,420.51 and its two-hundred day simple moving average is $1,167.22. Monolithic Power Systems, Inc. has a 1-year low of $662.79 and a 1-year high of $1,714.09. The stock has a market cap of $79.84 billion, a PE ratio of 117.16, a price-to-earnings-growth ratio of 2.76 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same period last year, the business earned $4.04 EPS. The business’s revenue was up 26.1% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

About Monolithic Power Systems

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.