Monolithic Power Systems, Inc. $MPWR Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 99.9% during the 4th quarter, Holdings Channel reports. The fund owned 13,650 shares of the semiconductor company’s stock after selling 22,677,316 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Monolithic Power Systems were worth $12,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of MPWR. Norges Bank bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth $658,656,000. SG Americas Securities LLC raised its position in shares of Monolithic Power Systems by 77,483.1% during the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares during the period. First Trust Advisors LP raised its position in shares of Monolithic Power Systems by 56.6% during the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after purchasing an additional 253,653 shares during the period. Barclays PLC grew its holdings in shares of Monolithic Power Systems by 67.0% during the fourth quarter. Barclays PLC now owns 604,802 shares of the semiconductor company’s stock valued at $548,168,000 after buying an additional 242,740 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in shares of Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after buying an additional 140,269 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on MPWR shares. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities boosted their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, KeyCorp boosted their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,498.77 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $671.18 and a twelve month high of $1,714.09. The stock has a market capitalization of $73.63 billion, a PE ratio of 108.06, a P/E/G ratio of 2.96 and a beta of 1.69. The stock has a 50-day simple moving average of $1,528.55 and a 200 day simple moving average of $1,219.57.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.04 EPS. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.5%. Monolithic Power Systems’s dividend payout ratio is 57.68%.

Insider Transactions at Monolithic Power Systems

In other news, Director Eugen J. Elmiger sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This represents a 68.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Saria Tseng sold 25,674 shares of the stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the transaction, the executive vice president owned 174,982 shares of the company’s stock, valued at $176,819,311. This represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 113,073 shares of company stock worth $160,875,958. 3.60% of the stock is currently owned by company insiders.

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.