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

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

Several other institutional investors have also recently bought and sold shares of MPWR. Tradewinds Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Monolithic Power Systems in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. boosted its position in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after buying an additional 51 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Up 3.5%

MPWR traded up $23.34 during midday trading on Tuesday, hitting $685.52. The company had a trading volume of 787,290 shares, compared to its average volume of 794,324. The company has a market capitalization of $32.82 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 2.60 and a beta of 1.18. The stock's 50 day moving average price is $596.38 and its 200 day moving average price is $611.07. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million during 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 company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.81 earnings per share. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the transaction, the director now directly owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James reaffirmed an "outperform" rating and set a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus reduced their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Loop Capital boosted their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price objective 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems 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.