Pictet Asset Management Holding SA Reduces Stake in Monolithic Power Systems, Inc. $MPWR

Pictet Asset Management Holding SA lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,003 shares of the semiconductor company’s stock after selling 4,788 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Monolithic Power Systems were worth $138,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MPWR. SG Americas Securities LLC lifted its holdings in shares of Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after buying an additional 261,893 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in Monolithic Power Systems during the third quarter valued at approximately $197,260,000. First Trust Advisors LP grew its stake in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after acquiring an additional 178,622 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in Monolithic Power Systems by 36.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after acquiring an additional 140,269 shares during the period. Finally, Vanguard Group Inc. increased its holdings in 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 acquiring an additional 134,087 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on MPWR shares. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Truist Financial increased their price objective on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Finally, Oppenheimer restated an “outperform” rating and issued a $1,600.00 target price on shares of Monolithic Power Systems in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,260.08.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,587.57 on Tuesday. Monolithic Power Systems, Inc. has a 52-week low of $562.38 and a 52-week high of $1,661.79. The company has a fifty day moving average of $1,206.36 and a 200-day moving average of $1,074.80. The company has a market capitalization of $77.98 billion, a P/E ratio of 124.61, a P/E/G ratio of 4.13 and a beta of 1.48.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The company had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the firm posted $4.09 EPS. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 17.01 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $2.00 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.5%. Monolithic Power Systems’s payout ratio is presently 62.79%.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $1,116.44, for a total transaction of $33,493.20. Following the completion of the sale, the executive vice president owned 1,239 shares of the company’s stock, valued at approximately $1,383,269.16. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 8,963 shares of Monolithic Power Systems stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $1,305.22, for a total transaction of $11,698,686.86. Following the completion of the transaction, the executive vice president directly owned 156,983 shares in the company, valued at approximately $204,897,351.26. The trade was a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 137,683 shares of company stock worth $158,138,447. 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.