Mitsubishi UFJ Asset Management Co. Ltd. Purchases 3,881 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,355 shares of the semiconductor company's stock after purchasing an additional 3,881 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Monolithic Power Systems worth $26,807,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MPWR. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Monolithic Power Systems by 12.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company's stock worth $115,000 after purchasing an additional 20 shares during the last quarter. Greenleaf Trust grew its stake in shares of Monolithic Power Systems by 2.2% during the fourth quarter. Greenleaf Trust now owns 957 shares of the semiconductor company's stock valued at $604,000 after acquiring an additional 21 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Monolithic Power Systems by 1.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,188 shares of the semiconductor company's stock valued at $749,000 after acquiring an additional 21 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in Monolithic Power Systems by 3.0% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 760 shares of the semiconductor company's stock worth $479,000 after purchasing an additional 22 shares during the last quarter. Finally, Arlington Trust Co LLC boosted its holdings in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 23 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MPWR shares. Oppenheimer raised their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Wells Fargo & Company upped their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Truist Financial raised their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. Finally, TD Cowen increased their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $743.78.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $13.24 during trading on Thursday, hitting $728.10. 398,549 shares of the company's stock traded hands, compared to its average volume of 534,775. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $778.15. The company has a market cap of $35.44 billion, a PE ratio of 88.36, a PEG ratio of 3.63 and a beta of 1.22. The firm's fifty day moving average price is $677.33 and its 200 day moving average price is $632.83.

Insider Activity

In related news, EVP Maurice Sciammas sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the transaction, the executive vice president now owns 130,744 shares in the company, valued at approximately $89,145,181.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Kuo Wei Herbert Chang sold 200 shares of the company's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total value of $147,000.00. Following the completion of the sale, the director now owns 941 shares in the company, valued at $691,635. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,130 shares of company stock worth $31,063,503. Company insiders own 3.20% of the company's stock.

Monolithic Power Systems Company 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.