Merit Financial Group LLC Buys New Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Merit Financial Group LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 849 shares of the semiconductor company's stock, valued at approximately $492,000.

Several other institutional investors also recently modified their holdings of MPWR. Brighton Jones LLC grew its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 200 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $39,000. Empowered Funds LLC grew its stake in shares of Monolithic Power Systems by 27.6% in the fourth quarter. Empowered Funds LLC now owns 5,164 shares of the semiconductor company's stock valued at $3,056,000 after buying an additional 1,117 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Monolithic Power Systems by 28.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 872 shares of the semiconductor company's stock worth $516,000 after purchasing an additional 191 shares during the last quarter. Finally, Peterson Wealth Services lifted its position in shares of Monolithic Power Systems by 6.8% in the fourth quarter. Peterson Wealth Services now owns 1,320 shares of the semiconductor company's stock valued at $781,000 after buying an additional 84 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded down $2.26 on Thursday, reaching $718.57. 322,761 shares of the company were exchanged, compared to its average volume of 798,876. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.60 and a beta of 1.19. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The company has a 50-day moving average of $625.54 and a 200-day moving average of $619.16.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.81 EPS. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Oppenheimer restated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. TD Cowen raised their price target 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. Needham & Company LLC restated a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Citigroup upped their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Raymond James restated an "outperform" rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $786.92.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 776 shares in the company, valued at $504,400. This represents a 11.42% 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 in the last quarter. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Company Profile

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.