Monolithic Power Systems, Inc. $MPWR Stock Holdings Trimmed by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 21.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 120,874 shares of the semiconductor company’s stock after selling 32,129 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Monolithic Power Systems were worth $132,044,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MPWR. ABN AMRO Bank N.V. acquired a new stake in shares of Monolithic Power Systems during the 1st quarter valued at approximately $3,192,000. Sterling Capital Management LLC increased its stake in Monolithic Power Systems by 674.4% during the first quarter. Sterling Capital Management LLC now owns 3,485 shares of the semiconductor company’s stock valued at $3,810,000 after purchasing an additional 3,035 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $911,000. Riverstone Advisors LLC raised its holdings in shares of Monolithic Power Systems by 16.3% during the first quarter. Riverstone Advisors LLC now owns 783 shares of the semiconductor company’s stock worth $856,000 after purchasing an additional 110 shares during the period. Finally, Maridea Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the 1st quarter worth about $271,000. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. TD Cowen increased their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus raised their target price on shares of 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. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Needham & Company LLC upped their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,316.24 on Monday. The company has a 50-day simple moving average of $1,553.78 and a 200-day simple moving average of $1,248.67. The firm has a market capitalization of $64.67 billion, a P/E ratio of 94.90, a P/E/G ratio of 2.35 and a beta of 1.69. Monolithic Power Systems, Inc. has a one year low of $686.87 and a one year high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 57.68%.

Insider Activity at Monolithic Power Systems

In related news, Director Eugen J. Elmiger sold 12,000 shares of the firm’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 value of $19,019,520.00. Following the sale, the director directly owned 5,402 shares in the company, valued at $8,561,953.92. This trade represents a 68.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the sale, the director directly owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 87,369 shares of company stock valued at $134,899,529. Company 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.