Monolithic Power Systems, Inc. $MPWR Stake Lowered by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,083 shares of the semiconductor company’s stock after selling 567 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Monolithic Power Systems were worth $14,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Alliance LLC purchased a new position in Monolithic Power Systems in the first quarter valued at about $216,000. Dai ichi Life Insurance Company Ltd raised its stake in shares of Monolithic Power Systems by 7.1% during the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 1,741 shares of the semiconductor company’s stock worth $1,904,000 after purchasing an additional 116 shares in the last quarter. Morningstar Investment Management LLC raised its stake in shares of Monolithic Power Systems by 343.3% during the 1st quarter. Morningstar Investment Management LLC now owns 2,252 shares of the semiconductor company’s stock worth $2,462,000 after purchasing an additional 1,744 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of Monolithic Power Systems by 48.2% during the 1st quarter. Compound Planning Inc. now owns 753 shares of the semiconductor company’s stock valued at $824,000 after buying an additional 245 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $388,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director directly owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 69,370 shares of company stock valued at $112,702,503 in the last three months. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR opened at $1,333.81 on Friday. The company has a market cap of $65.53 billion, a PE ratio of 96.17, a price-to-earnings-growth ratio of 2.38 and a beta of 1.71. The stock has a 50-day moving average of $1,461.46 and a 200-day moving average of $1,301.85. Monolithic Power Systems, Inc. has a 52-week low of $704.02 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the business earned $4.04 EPS. The firm’s revenue was up 26.1% compared to the same quarter last year. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research reports. Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Wells Fargo & Company decreased their target price on shares of Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, KeyCorp raised their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,657.27.

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.