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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $1,095.07, for a total value of $32,852.10. Following the completion of the sale, the executive vice president directly owned 1,269 shares of the company’s stock, valued at $1,389,643.83. This represents a 2.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, February 11th, Maurice Sciammas sold 200 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,179.97, for a total value of $235,994.00.
• On Friday, February 6th, Maurice Sciammas 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 Stock Performance

Shares of MPWR stock opened at $1,101.59 on Wednesday. The stock’s 50 day simple moving average is $1,115.95 and its 200 day simple moving average is $1,006.31. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22. The company has a market capitalization of $54.11 billion, a price-to-earnings ratio of 86.47, a PEG ratio of 2.73 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same quarter last year, the company posted $4.09 earnings per share. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Institutional Trading of Monolithic Power Systems

A number of hedge funds have recently bought and sold shares of MPWR. True Wealth Design LLC increased its holdings in shares of Monolithic Power Systems by 61.1% during the 3rd 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 period. SJS Investment Consulting Inc. raised its position in shares of Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Monolithic Power Systems in the third quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $34,000. Finally, IFP Advisors Inc grew its position in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MPWR shares. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Wells Fargo & Company raised their price target on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Finally, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

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.