Pictet Asset Management Holding SA Has $139.23 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Pictet Asset Management Holding SA reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,736 shares of the semiconductor company’s stock after selling 20,138 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.21% of Monolithic Power Systems worth $139,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Monolithic Power Systems by 171.4% in the third 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. Covestor Ltd grew its position in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares in the last quarter. Sunbelt Securities Inc. grew its position in Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 28 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at $38,000. Finally, Essential Partners LLC increased its stake in Monolithic Power Systems by 30.3% in the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 10 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on MPWR shares. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. TD Cowen upped their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,705.82.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,402.01 on Friday. The stock has a 50-day simple moving average of $1,394.48 and a 200 day simple moving average of $1,338.74. The stock has a market capitalization of $68.90 billion, a P/E ratio of 85.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same quarter in the prior year, the company earned $4.21 earnings per share. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. Research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 49.05%.

Insiders Place Their Bets

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director owned 565 shares in the company, valued at approximately $802,300. This represents a 8.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,191 shares of company stock worth $21,807,015 in the last quarter. Insiders own 3.60% of the company’s stock.

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.