Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) EVP Sells 30 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $1,095.07, for a total transaction of $32,852.10. Following the transaction, the executive vice president owned 1,269 shares in the company, valued at approximately $1,389,643.83. The trade was a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Maurice Sciammas also recently made the following trade(s):

• On Wednesday, February 11th, Maurice Sciammas sold 200 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,179.97, for a total value of $235,994.00.
• On Friday, February 6th, Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00.

Monolithic Power Systems Stock Up 2.3%

Shares of Monolithic Power Systems stock opened at $1,101.59 on Wednesday. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,256.22. The stock has a market cap of $54.11 billion, a PE ratio of 86.47, a price-to-earnings-growth ratio of 2.73 and a beta of 1.45. The business has a fifty day simple moving average of $1,115.95 and a 200-day simple moving average of $1,006.31.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same period in the previous year, the firm earned $4.09 earnings per share. Monolithic Power Systems’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

Analysts Set New Price Targets

MPWR has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Institutional Trading of Monolithic Power Systems

A number of institutional investors have recently added to or reduced their stakes in MPWR. Corient Private Wealth LLC increased its stake in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares during the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at $658,656,000. Invesco Ltd. lifted its stake in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Monolithic Power Systems by 77,483.1% in 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 in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Monolithic Power Systems by 56.6% in 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 in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.