Retireful LLC Has $360,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Retireful LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 60.2% during the first quarter, HoldingsChannel.com reports. The firm owned 620 shares of the semiconductor company’s stock after acquiring an additional 233 shares during the period. Retireful LLC’s holdings in Monolithic Power Systems were worth $360,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MPWR. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $493,807,000. GAMMA Investing LLC boosted its position in Monolithic Power Systems by 76,432.3% during the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company’s stock valued at $451,418,000 after purchasing an additional 777,316 shares during the last quarter. Van ECK Associates Corp boosted its position in Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after purchasing an additional 328,203 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Monolithic Power Systems in the fourth quarter valued at about $140,795,000. Finally, Price T Rowe Associates Inc. MD increased its position in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock worth $904,297,000 after purchasing an additional 214,395 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 1.3%

MPWR opened at $694.75 on Thursday. The business has a 50 day moving average of $604.96 and a 200-day moving average of $613.89. The stock has a market capitalization of $33.26 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same period in the prior year, the firm earned $2.81 EPS. The business’s revenue was up 39.2% on a year-over-year basis. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the firm’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 transaction, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Thursday, May 8th. The stock was 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 of the company’s stock, valued at $504,400. This trade represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock valued at $8,546,800 in the last quarter. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Stifel Nicolaus cut their price objective on shares of 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. Raymond James reissued an “outperform” rating and issued a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Loop Capital increased 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 note on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two 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 company presently has an average rating of “Moderate Buy” and an average target price of $786.92.

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.