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

Peak Financial Advisors LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,410 shares of the semiconductor company’s stock, valued at approximately $3,201,000. Monolithic Power Systems makes up about 1.7% of Peak Financial Advisors LLC’s portfolio, making the stock its 15th largest holding.

A number of other hedge funds have also recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the last quarter. State Street Corp lifted its position in shares of Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after purchasing an additional 42,678 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Monolithic Power Systems by 26.3% during the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after purchasing an additional 93,362 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Monolithic Power Systems by 5.0% during the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock valued at $297,799,000 after purchasing an additional 15,350 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MPWR shares. TD Cowen dropped their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC dropped their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Oppenheimer reissued an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective 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 company’s stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $828.67.

Monolithic Power Systems Stock Up 2.9 %

NASDAQ:MPWR opened at $606.72 on Wednesday. The company has a fifty day moving average of $609.00 and a 200 day moving average of $779.01. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The firm has a market capitalization of $29.60 billion, a P/E ratio of 68.40, a P/E/G ratio of 2.90 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.82%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the sale, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at $43,809,826.88. This represents a 4.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 directly owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,600 shares of company stock worth $4,656,631. 3.70% of the stock is currently owned by corporate insiders.

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.