Monolithic Power Systems (NASDAQ:MPWR) CFO Frank Anthony Balow III Sells 20 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Frank Anthony Balow III sold 20 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $1,434.31, for a total transaction of $28,686.20. Following the transaction, the chief financial officer directly owned 2,921 shares of the company’s stock, valued at $4,189,619.51. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Monolithic Power Systems Trading Down 3.9%

Shares of NASDAQ MPWR traded down $56.86 during midday trading on Friday, reaching $1,390.54. The company’s stock had a trading volume of 737,145 shares, compared to its average volume of 1,127,662. The stock has a 50 day simple moving average of $1,284.98 and a 200-day simple moving average of $1,324.28. The stock has a market capitalization of $67.82 billion, a price-to-earnings ratio of 76.78 and a beta of 1.71. Monolithic Power Systems, Inc. has a fifty-two week low of $833.18 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 29th. The semiconductor company reported $8.19 EPS for the quarter, topping the consensus estimate of $7.79 by $0.40. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. The firm’s revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.73 earnings per share. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.72 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 44.17%.

Hedge Funds Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. L2 Asset Management LLC increased its position in Monolithic Power Systems by 4.8% during the third quarter. L2 Asset Management LLC now owns 283 shares of the semiconductor company’s stock worth $381,000 after buying an additional 13 shares during the last quarter. Pathstone Holdings LLC raised its stake in Monolithic Power Systems by 4.1% in the third quarter. Pathstone Holdings LLC now owns 11,378 shares of the semiconductor company’s stock valued at $15,327,000 after buying an additional 446 shares during the period. Marshall Wace LLP lifted its position in shares of Monolithic Power Systems by 2,474.9% in the third quarter. Marshall Wace LLP now owns 47,610 shares of the semiconductor company’s stock valued at $64,141,000 after buying an additional 45,761 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at approximately $213,000. Finally, Advisory Alpha LLC boosted its stake in shares of Monolithic Power Systems by 9.5% during the 3rd quarter. Advisory Alpha LLC now owns 220 shares of the semiconductor company’s stock worth $296,000 after acquiring an additional 19 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent research reports. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Truist Financial increased their price target on Monolithic Power Systems from $1,889.00 to $1,906.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Needham & Company LLC restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 30th. Finally, Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,783.77.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc. (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems. The company’s products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications. MPS sells to customers around the world through direct sales and distribution channels.