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

Peak Retirement Planning Inc. acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,595 shares of the semiconductor company's stock, valued at approximately $949,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in Monolithic Power Systems in the fourth quarter worth about $11,679,000. GTS Securities LLC grew its holdings in shares of Monolithic Power Systems by 313.9% during the 4th quarter. GTS Securities LLC now owns 6,721 shares of the semiconductor company's stock worth $3,977,000 after acquiring an additional 5,097 shares during the period. Fourth Dimension Wealth LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $29,000. Vise Technologies Inc. raised its position in shares of Monolithic Power Systems by 103.4% in the 4th quarter. Vise Technologies Inc. now owns 535 shares of the semiconductor company's stock worth $317,000 after acquiring an additional 272 shares in the last quarter. Finally, Novem Group purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $778,000. Institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MPWR. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Raymond James reissued an "outperform" rating and set a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Loop Capital boosted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.

Insider Activity

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the sale, the director now directly owns 776 shares of the company's stock, valued at $504,400. This represents a 11.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,200 shares of company stock worth $8,546,800. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 0.7%

NASDAQ:MPWR traded up $4.75 during mid-day trading on Thursday, hitting $682.23. 203,532 shares of the company traded hands, compared to its average volume of 924,922. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The stock's fifty day moving average price is $598.11 and its 200-day moving average price is $611.53.

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

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.