Resona Asset Management Co. Ltd. Sells 4,343 Shares of Monolithic Power Systems, Inc. $MPWR

Resona Asset Management Co. Ltd. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 66,386 shares of the semiconductor company’s stock after selling 4,343 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $60,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MPWR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $34,000. IFP Advisors Inc lifted its holdings in 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 purchasing an additional 24 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in Monolithic Power Systems by 542.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 38 shares in the last quarter. Root Financial Partners LLC purchased a new position in Monolithic Power Systems in the 3rd quarter worth approximately $42,000. Finally, Torren Management LLC purchased a new position in Monolithic Power Systems in the 4th quarter worth approximately $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Finally, Rosenblatt Securities boosted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction that occurred 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 sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 380 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,583.81, for a total value of $601,847.80. Following the sale, the executive vice president directly owned 919 shares in the company, valued at $1,455,521.39. This trade represents a 29.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 87,992 shares of company stock worth $120,484,010. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,486.33 on Tuesday. The stock has a market capitalization of $73.02 billion, a price-to-earnings ratio of 107.16, a price-to-earnings-growth ratio of 2.77 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1 year low of $643.36 and a 1 year high of $1,675.42. The business’s 50 day simple moving average is $1,316.98 and its 200-day simple moving average is $1,126.44.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems 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.