Monolithic Power Systems, Inc. $MPWR Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,804 shares of the semiconductor company’s stock after selling 3,487 shares during the period. Swiss Life Asset Management Ltd’s holdings in Monolithic Power Systems were worth $26,107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $34,000. IFP Advisors Inc grew its holdings in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the period. Cornerstone Planning Group LLC grew its holdings in Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 38 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Monolithic Power Systems during the 3rd quarter valued at $42,000. Finally, Torren Management LLC acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 3.8%

Shares of Monolithic Power Systems stock opened at $1,661.10 on Tuesday. Monolithic Power Systems, Inc. has a fifty-two week low of $643.36 and a fifty-two week high of $1,663.99. The firm has a market cap of $81.61 billion, a PE ratio of 119.76, a P/E/G ratio of 2.86 and a beta of 1.74. The business’s fifty day moving average is $1,269.72 and its two-hundred day moving average is $1,108.40.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the prior year, the company posted $4.04 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on MPWR shares. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. TD Cowen increased their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Rosenblatt Securities increased their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the transaction, the director owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This represents a 68.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Deming Xiao sold 30,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 88,192 shares of company stock worth $120,720,004. Company insiders own 3.40% of the company’s stock.

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.