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

Shell Asset Management Co. lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 90.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 503 shares of the semiconductor company’s stock after selling 4,661 shares during the quarter. Shell Asset Management Co.’s holdings in Monolithic Power Systems were worth $463,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. SJS Investment Consulting Inc. boosted its stake in Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. True Wealth Design LLC increased its position in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $33,000. Armstrong Advisory Group Inc. grew its stake in Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after buying an additional 27 shares during the last quarter. Finally, NewSquare Capital LLC increased its position in Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Victor K. Lee sold 400 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the sale, the director directly owned 27,756 shares of the company’s stock, valued at $33,644,712.96. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the transaction, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 125,726 shares of company stock valued at $139,246,648. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,173.18 on Wednesday. The business’s 50-day simple moving average is $1,034.76 and its 200 day simple moving average is $957.54. The company has a market cap of $56.21 billion, a P/E ratio of 92.09, a PEG ratio of 2.97 and a beta of 1.45. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,250.00.

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

Monolithic Power Systems Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MPWR shares. Truist Financial increased their price objective on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, KeyCorp raised their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $1,218.42.

About Monolithic Power Systems

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.