Peterson Wealth Services Sells 6,852 Shares of Monolithic Power Systems, Inc. $MPWR

Peterson Wealth Services decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 84.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,223 shares of the semiconductor company’s stock after selling 6,852 shares during the period. Peterson Wealth Services’ holdings in Monolithic Power Systems were worth $1,109,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Monolithic Power Systems during the fourth quarter worth about $34,000. IFP Advisors Inc boosted its stake in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd boosted its stake in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Torren Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth about $49,000. Finally, WPG Advisers LLC boosted its stake in Monolithic Power Systems by 43.9% during the fourth quarter. WPG Advisers LLC now owns 59 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Saria Tseng sold 25,674 shares of Monolithic Power Systems stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the completion of the transaction, the director directly owned 4,786 shares of the company’s stock, valued at $7,595,669.16. This trade represents a 17.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 113,073 shares of company stock valued at $160,875,958. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,589.55 on Friday. The stock has a market capitalization of $78.09 billion, a PE ratio of 114.60, a price-to-earnings-growth ratio of 2.63 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $670.00 and a 52-week high of $1,714.09. The company has a 50-day simple moving average of $1,501.11 and a two-hundred day simple moving average of $1,205.47.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.04 earnings per share. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on MPWR. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.