Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1,101.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,213 shares of the semiconductor company's stock after acquiring an additional 4,779 shares during the period. Shell Asset Management Co.'s holdings in Monolithic Power Systems were worth $3,085,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Perpetual Ltd grew its holdings in Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after purchasing an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd bought a new stake in Monolithic Power Systems during the fourth quarter valued at about $3,182,000. Vantage Investment Partners LLC grew its holdings in Monolithic Power Systems by 4.5% during the fourth quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock valued at $20,545,000 after purchasing an additional 1,505 shares during the period. Boston Family Office LLC grew its holdings in Monolithic Power Systems by 1,031.6% during the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after purchasing an additional 2,383 shares during the period. Finally, GDS Wealth Management boosted its stake in 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 worth $4,833,000 after purchasing an additional 7,666 shares during the period. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Down 0.3%

Shares of Monolithic Power Systems stock traded down $2.22 on Tuesday, reaching $700.17. 420,922 shares of the stock were exchanged, compared to its average volume of 792,587. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a market capitalization of $33.52 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.60 and a beta of 1.18. The business has a 50 day moving average price of $591.32 and a two-hundred day moving average price of $614.47.

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

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the sale, the director now owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,200 shares of company stock valued at $8,546,800. Corporate insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MPWR shares. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen increased their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Loop Capital raised their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $779.83.

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.