Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $1,586,928.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $1,133.52, for a total value of $1,586,928.00. Following the sale, the executive vice president directly owned 173,582 shares of the company’s stock, valued at $196,758,668.64. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Saria Tseng also recently made the following trade(s):

• On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00.
• On Friday, February 6th, Saria Tseng sold 22,875 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock remained flat at $1,118.49 during trading on Friday. The company had a trading volume of 344,035 shares, compared to its average volume of 555,200. The company has a market capitalization of $54.94 billion, a P/E ratio of 87.79, a P/E/G ratio of 2.83 and a beta of 1.48. The firm has a 50 day simple moving average of $1,122.31 and a 200 day simple moving average of $1,015.33. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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. The business had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the business earned $4.09 EPS. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is currently 62.79%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent analyst reports. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Citigroup lifted their price target on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, February 9th. KeyCorp boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Truist Financial upped their price objective on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. One equities research 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. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $1,218.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPWR. Brighton Jones LLC lifted its position in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares during the last quarter. Empowered Funds LLC lifted its holdings in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Monolithic Power Systems by 3.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the semiconductor company’s stock worth $815,000 after purchasing an additional 39 shares during the period. Schroder Investment Management Group boosted its position in Monolithic Power Systems by 7.0% during the second quarter. Schroder Investment Management Group now owns 23,350 shares of the semiconductor company’s stock worth $17,078,000 after purchasing an additional 1,528 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Monolithic Power Systems by 2.2% in the second quarter. M&T Bank Corp now owns 2,664 shares of the semiconductor company’s stock worth $1,948,000 after purchasing an additional 58 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.