Victor Lee Sells 1,000 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total transaction of $951,720.00. Following the sale, the director directly owned 28,567 shares of the company’s stock, valued at $27,187,785.24. This trade represents a 3.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Monolithic Power Systems Trading Down 1.4%

MPWR stock traded down $13.11 during midday trading on Monday, hitting $933.21. The company’s stock had a trading volume of 47,378 shares, compared to its average volume of 741,419. The company has a market cap of $44.71 billion, a PE ratio of 23.83, a P/E/G ratio of 3.20 and a beta of 1.47. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38. The firm’s 50-day moving average is $963.45 and its 200-day moving average is $868.94.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The business had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.06 EPS. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $1.56 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s payout ratio is 15.93%.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently added to or reduced their stakes in MPWR. True Wealth Design LLC increased its holdings in shares of Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares during the last quarter. Fortress Financial Solutions LLC increased its stake in Monolithic Power Systems by 1.7% in the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after acquiring an additional 12 shares during the last quarter. Cromwell Holdings LLC raised its holdings in shares of Monolithic Power Systems by 9.2% during the 3rd quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 12 shares in the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after acquiring an additional 12 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday. Rosenblatt Securities increased their price target on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, KeyCorp raised their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

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.