RFG Advisory LLC Buys 3,985 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

RFG Advisory LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 379.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,036 shares of the semiconductor company's stock after purchasing an additional 3,985 shares during the period. RFG Advisory LLC's holdings in Monolithic Power Systems were worth $2,921,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MPWR. Avantax Advisory Services Inc. increased its position in shares of Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after purchasing an additional 14 shares during the last quarter. Allworth Financial LP grew its position in Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after buying an additional 16 shares during the period. WP Advisors LLC increased its holdings in Monolithic Power Systems by 3.2% during the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock worth $309,000 after buying an additional 16 shares during the last quarter. Keybank National Association OH boosted its stake in Monolithic Power Systems by 1.2% in the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after acquiring an additional 22 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in Monolithic Power Systems by 5.0% in the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock valued at $273,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded down $13.69 on Thursday, reaching $681.06. 568,792 shares of the company's stock traded hands, compared to its average volume of 795,886. The stock has a market cap of $32.61 billion, a PE ratio of 18.52, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The stock has a 50-day simple moving average of $604.96 and a 200 day simple moving average of $613.89.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on MPWR shares. Needham & Company LLC reaffirmed a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Citigroup boosted 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. KeyCorp dropped their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research report 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 for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company cut their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $786.92.

Insider Activity

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director now directly owns 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by company insiders.

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.