Peak Financial Advisors LLC Takes $3.20 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Peak Financial Advisors LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,410 shares of the semiconductor company's stock, valued at approximately $3,201,000. Monolithic Power Systems accounts for about 1.7% of Peak Financial Advisors LLC's portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC boosted its stake in Monolithic Power Systems by 28.5% in the second quarter. Private Advisor Group LLC now owns 803 shares of the semiconductor company's stock valued at $660,000 after buying an additional 178 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Monolithic Power Systems by 7.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,551 shares of the semiconductor company's stock worth $2,918,000 after acquiring an additional 234 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Monolithic Power Systems by 4.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 173,330 shares of the semiconductor company's stock valued at $142,422,000 after purchasing an additional 7,483 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $633,000. Finally, Rathbones Group PLC acquired a new position in Monolithic Power Systems during the 2nd quarter worth approximately $917,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

MPWR has been the subject of a number of research reports. Needham & Company LLC dropped their price target on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Oppenheimer reissued an "outperform" rating and set a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. Wells Fargo & Company assumed coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price target on the stock. KeyCorp decreased their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Finally, Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price target on the stock in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target of $828.67.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,600 shares of company stock valued at $4,656,631 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 2.1 %

MPWR traded up $12.55 during trading on Wednesday, hitting $602.41. The company's stock had a trading volume of 570,254 shares, compared to its average volume of 656,381. The firm has a market capitalization of $29.39 billion, a P/E ratio of 67.92, a PEG ratio of 2.90 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock's fifty day moving average price is $609.00 and its 200-day moving average price is $779.01.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.83%. Monolithic Power Systems's dividend payout ratio is currently 56.37%.

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.