Bank Julius Baer & Co. Ltd Zurich Decreases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 99.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 158 shares of the semiconductor company’s stock after selling 21,912 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Monolithic Power Systems were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Monolithic Power Systems in the third quarter valued at about $36,000. Tradewinds Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 41 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $39,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Monolithic Power Systems by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MPWR shares. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup assumed coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Loop Capital boosted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Oppenheimer cut their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, KeyCorp boosted their price objective 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Stock Down 1.9 %

MPWR opened at $570.35 on Wednesday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a 50 day moving average of $637.14 and a two-hundred day moving average of $722.65. The company has a market cap of $27.30 billion, a P/E ratio of 15.51, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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 anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s payout ratio is currently 16.97%.

Insiders Place Their Bets

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

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.