Monolithic Power Systems, Inc. (MPWR) Insider Deming Xiao Sells 6,004 Shares of Stock
Monolithic Power Systems, Inc. (NASDAQ:MPWR) insider Deming Xiao sold 6,004 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $123.06, for a total transaction of $738,852.24. Following the sale, the insider now owns 280,865 shares of the company’s stock, valued at $34,563,246.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $123.69 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $75.08 and a 1-year high of $125.75. The company has a market cap of $5,172.59, a price-to-earnings ratio of 75.51, a P/E/G ratio of 3.85 and a beta of 1.28.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The company had revenue of $128.90 million during the quarter, compared to analyst estimates of $126.11 million. During the same period in the prior year, the business posted $0.66 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. equities analysts expect that Monolithic Power Systems, Inc. will post 1.8 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.65%. Monolithic Power Systems’s dividend payout ratio is currently 49.69%.
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A number of large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new stake in Monolithic Power Systems during the 3rd quarter valued at $12,546,000. Ameriprise Financial Inc. raised its holdings in Monolithic Power Systems by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 195,283 shares of the semiconductor company’s stock valued at $20,808,000 after buying an additional 6,424 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Monolithic Power Systems by 8.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 121,200 shares of the semiconductor company’s stock valued at $12,913,000 after buying an additional 9,895 shares during the last quarter. Rhumbline Advisers raised its holdings in Monolithic Power Systems by 13.6% during the 3rd quarter. Rhumbline Advisers now owns 94,554 shares of the semiconductor company’s stock valued at $10,075,000 after buying an additional 11,307 shares during the last quarter. Finally, Advisor Group Inc. raised its holdings in Monolithic Power Systems by 26.0% during the 3rd quarter. Advisor Group Inc. now owns 4,041 shares of the semiconductor company’s stock valued at $430,000 after buying an additional 833 shares during the last quarter. Institutional investors own 93.32% of the company’s stock.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a report on Thursday, November 2nd. Oppenheimer Holdings, Inc. boosted their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $125.00 price objective on shares of Monolithic Power Systems in a report on Friday, October 27th. Finally, Deutsche Bank AG boosted their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $126.00.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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