Pictet Asset Management Ltd. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 35.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,123 shares of the semiconductor company’s stock after selling 58,230 shares during the quarter. Pictet Asset Management Ltd. owned about 0.25% of Monolithic Power Systems worth $13,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can purchased a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $2,421,000. Cornerstone Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $448,000. Aperio Group LLC boosted its position in shares of Monolithic Power Systems by 11.3% during the second quarter. Aperio Group LLC now owns 23,878 shares of the semiconductor company’s stock valued at $3,192,000 after buying an additional 2,415 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Monolithic Power Systems by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,670 shares of the semiconductor company’s stock valued at $4,502,000 after buying an additional 1,046 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Monolithic Power Systems by 9.9% during the second quarter. First Trust Advisors LP now owns 34,747 shares of the semiconductor company’s stock valued at $4,645,000 after buying an additional 3,119 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

MPWR stock opened at $125.54 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $101.99 and a 1-year high of $152.21. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 67.86, a price-to-earnings-growth ratio of 2.06 and a beta of 1.51.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Monolithic Power Systems had a return on equity of 18.51% and a net margin of 16.07%. The business had revenue of $159.98 million for the quarter, compared to analysts’ expectations of $158.59 million. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 2.46 EPS for the current year.

In other Monolithic Power Systems news, VP Maurice Sciammas sold 5,808 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $121.73, for a total value of $707,007.84. Following the transaction, the vice president now owns 307,551 shares of the company’s stock, valued at $37,438,183.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 15,870 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $126.18, for a total value of $2,002,476.60. Following the completion of the transaction, the chief executive officer now directly owns 1,074,167 shares in the company, valued at approximately $135,538,392.06. The disclosure for this sale can be found here. In the last three months, insiders sold 124,264 shares of company stock worth $16,009,687. Insiders own 4.00% of the company’s stock.

Several research analysts recently issued reports on the company. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. KeyCorp cut their target price on Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $155.00 target price on shares of Monolithic Power Systems in a research report on Thursday, September 13th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $151.00.

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Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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

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