Monolithic Power Systems, Inc. $MPWR Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 90.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 503 shares of the semiconductor company’s stock after selling 4,661 shares during the period. Shell Asset Management Co.’s holdings in Monolithic Power Systems were worth $463,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Vanguard Group Inc. raised its position in shares of Monolithic Power Systems by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock worth $4,344,358,000 after purchasing an additional 19,277 shares during the period. JPMorgan Chase & Co. grew its stake in Monolithic Power Systems by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after buying an additional 227,159 shares during the last quarter. Bank of America Corp DE increased its position in Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after buying an additional 105,721 shares during the period. Norges Bank acquired a new stake in Monolithic Power Systems in the second quarter worth $438,014,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Monolithic Power Systems by 14.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock valued at $512,416,000 after buying an additional 71,199 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 22,875 shares of Monolithic Power Systems stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president directly owned 200,626 shares in the company, valued at $234,965,146.16. The trade was a 10.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 200 shares of Monolithic Power Systems stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total value of $235,994.00. Following the completion of the transaction, the executive vice president directly owned 1,299 shares in the company, valued at $1,532,781.03. This represents a 13.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 125,726 shares of company stock worth $139,246,648. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

MPWR opened at $1,173.18 on Wednesday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,250.00. The stock’s fifty day moving average is $1,034.76 and its 200-day moving average is $957.54. The company has a market capitalization of $56.21 billion, a PE ratio of 92.09, a P/E/G ratio of 2.97 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter last year, the business posted $4.09 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MPWR. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, Truist Financial raised their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Buy” and an average price target of $1,218.42.

Monolithic Power Systems Company Profile

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.