Peak Retirement Planning Inc. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 18.0% during the fourth quarter, HoldingsChannel reports. The firm owned 3,041 shares of the semiconductor company’s stock after purchasing an additional 464 shares during the quarter. Peak Retirement Planning Inc.’s holdings in Monolithic Power Systems were worth $2,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth $34,000. IFP Advisors Inc increased its holdings in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd increased its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in Monolithic Power Systems by 542.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 38 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth about $49,000. 93.46% of the stock is currently owned by institutional investors.
Insider Activity at Monolithic Power Systems
In other news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeff Zhou sold 1,014 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the transaction, the director directly owned 4,786 shares of the company’s stock, valued at $7,595,669.16. The trade was a 17.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,043 shares of company stock valued at $160,829,940 in the last ninety days. Insiders own 3.40% of the company’s stock.
Monolithic Power Systems Stock Up 5.4%
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.04 EPS. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on MPWR shares. Needham & Company LLC lifted their price objective 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. KeyCorp lifted their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective 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, Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.
Get Our Latest Stock Analysis on Monolithic Power Systems
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.
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