Bank Julius Baer & Co. Ltd Zurich Trims Holdings in Monolithic Power Systems, Inc. $MPWR

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.1% in the fourth quarter, HoldingsChannel reports. The fund owned 9,221 shares of the semiconductor company’s stock after selling 1,267 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Monolithic Power Systems were worth $8,499,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MPWR. Brighton Jones LLC increased its stake in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after purchasing an additional 314 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $347,000. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on MPWR shares. KeyCorp boosted their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Finally, Stifel Nicolaus lifted 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. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,613.97 on Friday. The firm has a market cap of $79.29 billion, a price-to-earnings ratio of 116.36, a price-to-earnings-growth ratio of 2.95 and a beta of 1.74. The business has a 50-day simple moving average of $1,299.80 and a two-hundred day simple moving average of $1,120.49. Monolithic Power Systems, Inc. has a fifty-two week low of $643.36 and a fifty-two week high of $1,675.42.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same quarter last year, the firm posted $4.04 EPS. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 380 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,583.81, for a total transaction of $601,847.80. Following the transaction, the executive vice president directly owned 919 shares of the company’s stock, valued at $1,455,521.39. This represents a 29.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eileen Wynne sold 335 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the transaction, the director owned 1,007 shares in the company, valued at approximately $1,593,758.76. This trade represents a 24.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,992 shares of company stock valued at $120,484,010 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

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.