Shell Asset Management Co. Purchases 4,779 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Shell Asset Management Co. grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1,101.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,213 shares of the semiconductor company’s stock after acquiring an additional 4,779 shares during the quarter. Shell Asset Management Co.’s holdings in Monolithic Power Systems were worth $3,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MPWR. Perpetual Ltd raised its stake in shares of Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after purchasing an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd bought a new position in shares of Monolithic Power Systems in the fourth quarter worth $3,182,000. Vantage Investment Partners LLC boosted its holdings in shares of Monolithic Power Systems by 4.5% in the fourth quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company’s stock worth $20,545,000 after acquiring an additional 1,505 shares during the period. Boston Family Office LLC boosted its holdings in shares of Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company’s stock worth $1,547,000 after acquiring an additional 2,383 shares during the period. Finally, GDS Wealth Management raised its holdings in shares of Monolithic Power Systems by 1,527.1% in the 4th quarter. GDS Wealth Management now owns 8,168 shares of the semiconductor company’s stock valued at $4,833,000 after acquiring an additional 7,666 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.7%

Shares of MPWR opened at $715.40 on Friday. The company has a market cap of $34.25 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 2.60 and a beta of 1.18. The business’s fifty day simple moving average is $586.35 and its two-hundred day simple moving average is $617.38. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same period in the prior year, the company posted $2.81 earnings per share. The company’s quarterly revenue was up 39.2% on a year-over-year basis. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Analysts Set New Price Targets

MPWR has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, KeyCorp dropped their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $779.83.

Insider Activity

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 sale, the executive vice president now owns 4,015 shares of the company’s stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now directly owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 in the last 90 days. 3.70% of the stock is currently owned by 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.