Monolithic Power Systems Inc. (MPWR) Director Sells $159,080.00 in Stock
Monolithic Power Systems Inc. (NASDAQ:MPWR) Director James C. Moyer sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $79.54, for a total transaction of $159,080.00. Following the completion of the transaction, the director now owns 884,483 shares in the company, valued at $70,351,777.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) traded up 1.21% during mid-day trading on Wednesday, reaching $80.02. The company had a trading volume of 250,192 shares. The firm has a 50-day moving average price of $76.49 and a 200-day moving average price of $69.44. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 77.02 and a beta of 1.44. Monolithic Power Systems Inc. has a 1-year low of $54.20 and a 1-year high of $80.94.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The business had revenue of $94.10 million for the quarter, compared to analysts’ expectations of $93.08 million. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Equities analysts expect that Monolithic Power Systems Inc. will post $2.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.00%. Monolithic Power Systems’s dividend payout ratio (DPR) is 76.92%.
A number of research analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $87.00 price target (up from $76.00) on shares of Monolithic Power Systems in a research report on Thursday, September 22nd. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Monday, September 12th. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, July 14th. Finally, Zacks Investment Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.00.
Several hedge funds have recently modified their holdings of MPWR. Victory Capital Management Inc. boosted its stake in shares of Monolithic Power Systems by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,492 shares of the company’s stock valued at $102,000 after buying an additional 650 shares during the period. Barclays PLC purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at about $104,000. Advisor Group Inc. purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at about $133,000. Tower Research Capital LLC TRC purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at about $154,000. Finally, BlackRock Inc. boosted its stake in shares of Monolithic Power Systems by 24.2% in the first quarter. BlackRock Inc. now owns 2,569 shares of the company’s stock valued at $164,000 after buying an additional 501 shares during the period. 97.67% of the stock is currently owned by institutional investors and hedge funds.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.
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