Odyssean LLC Purchases 497 Shares of Monolithic Power Systems, Inc. $MPWR

Odyssean LLC boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 35.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,885 shares of the semiconductor company’s stock after purchasing an additional 497 shares during the period. Odyssean LLC’s holdings in Monolithic Power Systems were worth $2,606,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Man Group plc acquired a new stake in shares of Monolithic Power Systems during the second quarter valued at about $51,299,000. Jupiter Topco LLC bought a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $9,745,000. Wedbush Fund Advisers LLC bought a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $654,000. Hsbc Holdings PLC acquired a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $262,389,000. Finally, EFG International AG acquired a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $104,000. 93.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director owned 515 shares of the company’s stock, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 190 shares of company stock worth $261,964. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,304.15 on Wednesday. The stock’s 50 day moving average is $1,362.15 and its 200 day moving average is $1,349.28. The firm has a market cap of $64.09 billion, a P/E ratio of 79.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm’s revenue was up 47.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.21 earnings per share. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MPWR shares. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,731.42.

Monolithic Power Systems Company Profile

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.