Odyssean LLC Has $2.61 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Odyssean LLC increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 35.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,885 shares of the semiconductor company’s stock after acquiring an additional 497 shares during the quarter. Odyssean LLC’s holdings in Monolithic Power Systems were worth $2,606,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MPWR. Brighton Jones LLC increased its holdings in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC boosted its stake in shares of Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after buying an additional 161 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the period. Treasurer of the State of North Carolina grew its position in Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in Monolithic Power Systems during the second quarter worth approximately $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 515 shares in the company, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 190 shares of company stock valued at $261,964. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,304.15 on Wednesday. The business has a fifty day moving average price of $1,362.15 and a two-hundred day moving average price of $1,349.28. The stock has a market capitalization of $64.09 billion, a PE ratio of 79.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same quarter last year, the company posted $4.21 EPS. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on MPWR shares. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Arete Research set a $2,013.00 price target on Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday, August 20th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. One 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 company. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $1,731.42.

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.