Pictet Asset Management Ltd. reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 222,116 shares of the semiconductor company’s stock after selling 67,040 shares during the period. Pictet Asset Management Ltd.’s holdings in Monolithic Power Systems were worth $21,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. boosted its position in Monolithic Power Systems by 1.9% in the first quarter. First Mercantile Trust Co. now owns 19,512 shares of the semiconductor company’s stock valued at $1,797,000 after buying an additional 361 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in Monolithic Power Systems during the first quarter worth approximately $255,000. Sit Investment Associates Inc. boosted its position in Monolithic Power Systems by 25.8% in the first quarter. Sit Investment Associates Inc. now owns 22,400 shares of the semiconductor company’s stock worth $2,063,000 after buying an additional 4,600 shares in the last quarter. Navellier & Associates Inc boosted its position in Monolithic Power Systems by 81.1% in the first quarter. Navellier & Associates Inc now owns 12,478 shares of the semiconductor company’s stock worth $1,149,000 after buying an additional 5,588 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in Monolithic Power Systems by 1.2% in the first quarter. Retirement Systems of Alabama now owns 48,901 shares of the semiconductor company’s stock worth $4,504,000 after buying an additional 579 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 100.47 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $71.60 and a 1-year high of $107.87. The company has a 50-day moving average price of $100.64 and a 200-day moving average price of $94.48. The company has a market cap of $4.16 billion, a PE ratio of 70.85 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $112.20 million for the quarter, compared to the consensus estimate of $110.94 million. During the same period in the previous year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts expect that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.80%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.74%.

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A number of research analysts recently commented on MPWR shares. Oppenheimer Holdings, Inc. increased their target price on Monolithic Power Systems from $100.00 to $110.00 in a research note on Monday, July 24th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 target price (up previously from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Zacks Investment Research raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Tuesday, May 2nd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $97.00 target price (up previously from $95.00) on shares of Monolithic Power Systems in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Monolithic Power Systems currently has an average rating of “Buy” and a consensus price target of $112.29.

In other news, CEO Michael Hsing sold 19,766 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $101.96, for a total value of $2,015,341.36. Following the sale, the chief executive officer now directly owns 1,174,800 shares in the company, valued at approximately $119,782,608. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Deming Xiao sold 6,004 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $101.96, for a total transaction of $612,167.84. Following the completion of the sale, the insider now owns 284,102 shares in the company, valued at $28,967,039.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,573 shares of company stock worth $11,947,693. Insiders own 4.00% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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