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

Pictet Asset Management Holding SA cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,736 shares of the semiconductor company’s stock after selling 20,138 shares during the period. Pictet Asset Management Holding SA’s holdings in Monolithic Power Systems were worth $139,226,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC increased its stake in shares of Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Norges Bank acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $658,656,000. Royal Bank of Canada lifted its holdings in Monolithic Power Systems by 168.1% during the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after purchasing an additional 296,788 shares during the last quarter. Invesco Ltd. boosted its stake in Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares during the period. Finally, First Trust Advisors LP boosted its stake in Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after purchasing an additional 253,653 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the sale, the director directly owned 565 shares in the company, valued at $802,300. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the sale, the executive vice president owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,191 shares of company stock worth $21,807,015. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

MPWR has been the topic of several recent research reports. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. KeyCorp upped their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings cut shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,705.82.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,402.01 on Friday. The stock has a market capitalization of $68.90 billion, a PE ratio of 85.96 and a beta of 1.69. The business has a fifty day moving average price of $1,394.48 and a two-hundred day moving average price of $1,338.74. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

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

About Monolithic Power Systems

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.