Robert W. Baird Reiterates $125.0000 Target On Albemarle (ALB), Reiterates Buy Rating; Sawgrass Asset Management Cut Monolithic Power Systems (MPWR) Position By $1.24 Million

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Logo

Sawgrass Asset Management Llc decreased Monolithic Power Systems (MPWR) stake by 78.66% reported in 2017Q4 SEC filing. Sawgrass Asset Management Llc sold 11,040 shares as Monolithic Power Systems (MPWR)’s stock rose 2.25%. The Sawgrass Asset Management Llc holds 2,995 shares with $337,000 value, down from 14,035 last quarter. Monolithic Power Systems now has $5.24B valuation. The stock increased 1.97% or $2.4 during the last trading session, reaching $124.41. About 84,365 shares traded. Monolithic Power Systems, Inc. (NASDAQ:MPWR) has risen 27.07% since April 17, 2017 and is uptrending. It has outperformed by 15.52% the S&P500.

Robert W. Baird have a $125.0000 target price per share on the stock. The target price per share indicates a potential upside of 29.68% from Albemarle Corp (NYSE:ALB)‘s last stock close price. This rating was disclosed in an analyst note on Tuesday morning.

Among 10 analysts covering Monolithic Power Systems (NASDAQ:MPWR), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Monolithic Power Systems had 37 analyst reports since August 31, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Friday, October 27 report. On Monday, September 14 the stock rating was initiated by Needham with “Buy”. SunTrust maintained Monolithic Power Systems, Inc. (NASDAQ:MPWR) rating on Friday, October 27. SunTrust has “Buy” rating and $135.0 target. The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) has “Outperform” rating given on Tuesday, October 27 by Oppenheimer. As per Friday, November 13, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Needham on Thursday, July 27 with “Buy”. The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) has “Buy” rating given on Tuesday, November 7 by Stifel Nicolaus. The firm has “Buy” rating by Deutsche Bank given on Tuesday, October 24. The stock has “Buy” rating by Oppenheimer on Wednesday, August 9. KeyBanc Capital Markets maintained the shares of MPWR in report on Thursday, October 26 with “Buy” rating.

Since October 30, 2017, it had 0 insider buys, and 24 sales for $48.09 million activity. $1.19M worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was sold by Moyer James C. $1.98 million worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was sold by Hsing Michael. $55,754 worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was sold by Blegen Theodore. On Monday, February 5 the insider Sciammas Maurice sold $461,906. $3.10M worth of stock was sold by Tseng Saria on Thursday, February 15. The insider Xiao Deming sold 4,382 shares worth $498,909.

Analysts await Monolithic Power Systems, Inc. (NASDAQ:MPWR) to report earnings on April, 25. They expect $0.50 EPS, up 47.06% or $0.16 from last year’s $0.34 per share. MPWR’s profit will be $21.07M for 62.21 P/E if the $0.50 EPS becomes a reality. After $0.58 actual EPS reported by Monolithic Power Systems, Inc. for the previous quarter, Wall Street now forecasts -13.79% negative EPS growth.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.59, from 1.57 in 2017Q3. It turned negative, as 15 investors sold MPWR shares while 113 reduced holdings. 43 funds opened positions while 83 raised stakes. 37.10 million shares or 2.27% less from 37.96 million shares in 2017Q3 were reported. Cookson Peirce & Company holds 36,155 shares. Etrade Mgmt Ltd Liability Com stated it has 0.03% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Prelude Mngmt Ltd Liability Company owns 9,273 shares for 0.08% of their portfolio. Mai Cap Mngmt holds 9,910 shares or 0.06% of its portfolio. Raymond James Associates accumulated 149,293 shares. Axiom International Invsts Ltd Limited Liability Company De has invested 0.17% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Schroder Invest Mngmt Group reported 4,289 shares. South Texas Money Management Limited holds 0.71% or 136,372 shares. Agf Investments has invested 0.01% in Monolithic Power Systems, Inc. (NASDAQ:MPWR). 88,829 are owned by Guggenheim Limited Liability Company. Zeke Cap Ltd Company reported 0.02% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Mason Street Advsr Limited Liability Corp holds 0.05% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR) for 18,818 shares. Summit Creek Advsrs Llc holds 2.32% or 110,039 shares. Wells Fargo Mn invested in 0.04% or 1.08 million shares. Retirement System Of Alabama holds 0.03% or 49,389 shares.

Sawgrass Asset Management Llc increased Ecolab Inc Com (NYSE:ECL) stake by 127,740 shares to 406,368 valued at $54.53M in 2017Q4. It also upped Pra Health Sciences In Com stake by 3,475 shares and now owns 24,935 shares. Louisiana (NYSE:LPX) was raised too.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on May, 9 after the close. They expect $1.20 earnings per share, up 14.29% or $0.15 from last year’s $1.05 per share. ALB’s profit will be $132.88M for 20.08 P/E if the $1.20 EPS becomes a reality. After $1.34 actual earnings per share reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -10.45% negative EPS growth.

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Albemarle Corporation has $160 highest and $52 lowest target. $118.20’s average target is 22.63% above currents $96.385 stock price. Albemarle Corporation had 78 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Deutsche Bank on Friday, August 5. RBC Capital Markets maintained it with “Buy” rating and $149.0 target in Tuesday, October 17 report. The firm has “Neutral” rating given on Monday, September 25 by Robert W. Baird. The firm earned “Buy” rating on Thursday, May 12 by Jefferies. Jefferies maintained the shares of ALB in report on Monday, August 21 with “Buy” rating. UBS initiated the shares of ALB in report on Wednesday, November 11 with “Neutral” rating. As per Wednesday, September 16, the company rating was maintained by Deutsche Bank. On Friday, August 7 the stock rating was upgraded by SunTrust to “Buy”. Deutsche Bank maintained it with “Buy” rating and $62 target in Thursday, August 20 report. The company was maintained on Friday, March 17 by RBC Capital Markets.

The stock decreased 0.50% or $0.485 during the last trading session, reaching $96.385. About 484,800 shares traded. Albemarle Corporation (NYSE:ALB) has declined 10.68% since April 17, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.12, from 1.13 in 2017Q3. It is negative, as 42 investors sold Albemarle Corporation shares while 182 reduced holdings. 82 funds opened positions while 144 raised stakes. 92.86 million shares or 2.44% less from 95.18 million shares in 2017Q3 were reported. Acadian Asset Management Ltd Com owns 5 shares. Jefferies Ltd Liability Company reported 64,235 shares stake. Virtus Advisers holds 10,306 shares. Wright Invsts Ser, Connecticut-based fund reported 2,953 shares. Millennium Management Ltd Limited Liability Company invested in 0% or 24,580 shares. Wells Fargo Communications Mn holds 0.02% or 661,045 shares. Fred Alger Management holds 0% of its portfolio in Albemarle Corporation (NYSE:ALB) for 132 shares. 3,806 are held by Ing Groep Nv. Cibc Asset invested in 0.01% or 12,876 shares. Monetary Group Inc accumulated 120 shares or 0.01% of the stock. Alps holds 0% or 1,994 shares. Congress Asset Mgmt Communications Ma has 62,532 shares for 0.12% of their portfolio. Panagora Asset Mngmt Inc stated it has 0.01% in Albemarle Corporation (NYSE:ALB). One Trading Lp stated it has 74,807 shares. Williams Jones And Assocs Ltd Limited Liability Company has 136,520 shares for 0.4% of their portfolio.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart