Lombard Odier Asset Management Switzerland SA Invests $2.42 Million in Monolithic Power Systems, Inc. $MPWR

Lombard Odier Asset Management Switzerland SA bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the first quarter, Holdings Channel.com reports. The fund bought 2,213 shares of the semiconductor company’s stock, valued at approximately $2,420,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $34,000. IFP Advisors Inc grew its stake in shares of Monolithic Power Systems by 171.4% during the third 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. Covestor Ltd grew its stake in shares of 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 in the last quarter. Greenline Wealth Management LLC purchased a new position in Monolithic Power Systems in the fourth quarter valued at $38,000. Finally, Bell Investment Advisors Inc increased its holdings in Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MPWR shares. TD Cowen lifted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC increased their price target on shares of 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. Finally, KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,657.27.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,333.81 on Monday. Monolithic Power Systems, Inc. has a 52-week low of $704.02 and a 52-week high of $1,714.09. The stock’s 50 day moving average price is $1,461.46 and its 200 day moving average price is $1,304.29. The company has a market capitalization of $65.53 billion, a PE ratio of 96.17 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period last year, the firm posted $4.04 earnings per share. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,370 shares of company stock worth $112,702,503 in the last three months. Company insiders own 3.60% of the company’s stock.

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.