4,181 Shares in Monolithic Power Systems, Inc. $MPWR Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,181 shares of the semiconductor company’s stock, valued at approximately $5,780,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares in the last quarter. Empowered Funds LLC raised its position in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after acquiring an additional 161 shares in the last quarter. NewEdge Advisors LLC raised its position in Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after acquiring an additional 314 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Monolithic Power Systems by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after acquiring an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in Monolithic Power Systems in the second quarter valued at approximately $347,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $64,078.50. Following the completion of the sale, the director directly owned 515 shares in the company, valued at $660,008.55. This trade represents a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 190 shares of company stock worth $261,964. 3.60% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Down 4.2%

Shares of MPWR stock opened at $1,256.26 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The company has a market cap of $61.73 billion, a PE ratio of 77.02 and a beta of 1.69. The business’s 50 day moving average is $1,348.06 and its two-hundred day moving average is $1,350.23.

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

Monolithic Power Systems Announces Dividend

The firm 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. This represents a $8.00 annualized dividend 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 (DPR) is currently 49.05%.

Analysts Set New Price Targets

MPWR has been the topic of several analyst reports. Truist Financial increased their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems 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.