Pictet Asset Management Holding SA Sells 5,003 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pictet Asset Management Holding SA lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,904 shares of the semiconductor company’s stock after selling 5,003 shares during the period. Pictet Asset Management Holding SA owned approximately 0.17% of Monolithic Power Systems worth $49,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC boosted its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $27,000. West Oak Capital LLC lifted its holdings in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at $39,000. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at $41,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $579.89 on Friday. The business’s fifty day moving average is $637.11 and its 200-day moving average is $698.64. The stock has a market capitalization of $27.76 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 1.08%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MPWR shares. Wells Fargo & Company dropped their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. KeyCorp raised their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Rosenblatt Securities decreased their price target on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $851.58.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.