Monolithic Power Systems (NASDAQ:MPWR) EVP Maurice Sciammas Sells 30 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,351.61, for a total value of $40,548.30. Following the completion of the transaction, the executive vice president directly owned 1,149 shares of the company’s stock, valued at $1,552,999.89. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50.
• On Friday, May 15th, Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00.
• On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,588.73, for a total transaction of $47,661.90.
• On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,583.81, for a total transaction of $601,847.80.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $57.97 on Monday, hitting $1,346.13. The company’s stock had a trading volume of 857,355 shares, compared to its average volume of 713,918. The stock has a 50 day moving average of $1,537.65 and a 200-day moving average of $1,261.25. The company has a market capitalization of $66.14 billion, a price-to-earnings ratio of 97.05, a price-to-earnings-growth ratio of 2.30 and a beta of 1.71. Monolithic Power Systems, Inc. has a 12-month low of $686.87 and a 12-month high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 57.68%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial restated an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. One investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Hedge Funds Weigh In On Monolithic Power Systems

Large investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $34,000. IFP Advisors Inc boosted its holdings in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd grew its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at about $38,000. Finally, Sunbelt Securities Inc. increased its stake in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.