Lombard Odier Asset Management Europe Ltd Buys New Shares in Monolithic Power Systems, Inc. $MPWR

Lombard Odier Asset Management Europe Ltd purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, HoldingsChannel reports. The fund purchased 4,181 shares of the semiconductor company’s stock, valued at approximately $5,780,000.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new position in Monolithic Power Systems in the second quarter worth about $35,000. Covestor Ltd lifted its stake in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the period. Danske Bank A S bought a new position in Monolithic Power Systems during the second quarter worth about $36,000. Finally, Greenline Wealth Management LLC bought a new position in Monolithic Power Systems during the fourth quarter worth about $38,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction dated 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 transaction, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their position. 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 company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 190 shares of company stock worth $261,964 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MPWR shares. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Truist Financial upped their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the company a “buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

Monolithic Power Systems Trading Down 4.2%

Shares of Monolithic Power Systems stock opened at $1,256.26 on Friday. The stock has a market capitalization of $61.73 billion, a price-to-earnings ratio of 77.02 and a beta of 1.69. The firm’s 50-day moving average price is $1,348.06 and its two-hundred day moving average price is $1,350.23. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

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.