Banque Cantonale Vaudoise Reduces Stock Position in Monolithic Power Systems, Inc. $MPWR

Banque Cantonale Vaudoise reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 40.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,772 shares of the semiconductor company’s stock after selling 1,202 shares during the period. Banque Cantonale Vaudoise’s holdings in Monolithic Power Systems were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the period. State Street Corp boosted its stake in shares of Monolithic Power Systems by 0.7% during the 3rd quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after purchasing an additional 14,670 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Monolithic Power Systems by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after purchasing an additional 6,503 shares during the period. Bank of America Corp DE boosted its stake in shares of Monolithic Power Systems by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after purchasing an additional 105,721 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Monolithic Power Systems by 2.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 570,719 shares of the semiconductor company’s stock worth $517,277,000 after purchasing an additional 14,132 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the sale, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 99,992 shares of company stock worth $139,220,810. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,561.25 on Friday. The stock has a market cap of $76.70 billion, a price-to-earnings ratio of 112.56, a price-to-earnings-growth ratio of 2.78 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 firm has a 50-day moving average of $1,345.81 and a two-hundred day moving average of $1,136.27.

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

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note 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 MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

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.