Monolithic Power Systems, Inc. (NASDAQ:MPWR) gapped down prior to trading on Wednesday after an insider sold shares in the company. The stock had previously closed at $150.68, but opened at $141.81. Monolithic Power Systems shares last traded at $135.15, with a volume of 2,070,259 shares traded.

Specifically, VP Maurice Sciammas sold 4,742 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $160.61, for a total value of $761,612.62. Following the transaction, the vice president now owns 354,943 shares in the company, valued at approximately $57,007,395.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 999 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $156.58, for a total value of $156,423.42. Following the completion of the transaction, the chief financial officer now owns 95,998 shares in the company, valued at approximately $15,031,366.84. The disclosure for this sale can be found here. Insiders have sold a total of 242,959 shares of company stock valued at $36,758,293 over the last three months. Corporate insiders own 3.00% of the company’s stock.

A number of brokerages have recently weighed in on MPWR. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Loop Capital set a $180.00 target price on Monolithic Power Systems and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $154.43.

The firm has a 50 day moving average of $153.50 and a 200 day moving average of $142.78. The firm has a market cap of $6.61 billion, a PE ratio of 56.55, a P/E/G ratio of 2.43 and a beta of 1.61.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.15). Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. The firm had revenue of $151.00 million during the quarter, compared to analysts’ expectations of $150.56 million. During the same quarter in the previous year, the company posted $0.90 EPS. Monolithic Power Systems’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 2.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.60 annualized dividend and a yield of 1.18%. Monolithic Power Systems’s payout ratio is 66.95%.

A number of institutional investors have recently bought and sold shares of MPWR. Advisory Services Network LLC lifted its position in shares of Monolithic Power Systems by 36.4% during the second quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 115 shares in the last quarter. Waddell & Reed Financial Inc. lifted its position in shares of Monolithic Power Systems by 0.9% during the second quarter. Waddell & Reed Financial Inc. now owns 1,186,682 shares of the semiconductor company’s stock worth $161,128,000 after acquiring an additional 11,093 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Monolithic Power Systems by 1.4% during the second quarter. Arizona State Retirement System now owns 28,750 shares of the semiconductor company’s stock worth $3,904,000 after acquiring an additional 399 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Monolithic Power Systems during the second quarter worth $3,412,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter worth $9,380,000. Institutional investors and hedge funds own 96.18% of the company’s stock.

About Monolithic Power Systems (NASDAQ:MPWR)

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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