Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Sells $5,294,800.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the transaction, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Michael Hsing also recently made the following trade(s):

• On Monday, April 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $677.44, for a total transaction of $5,419,520.00.
• On Friday, March 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $726.08, for a total transaction of $5,808,640.00.
• On Thursday, February 8th, Michael Hsing sold 2,790 shares of Monolithic Power Systems stock. The stock was sold at an average price of $680.00, for a total transaction of $1,897,200.00.

Monolithic Power Systems Trading Down 0.8 %

Shares of MPWR stock opened at $707.22 on Monday. The company’s 50-day moving average price is $678.85 and its 200-day moving average price is $617.41. The stock has a market cap of $34.41 billion, a price-to-earnings ratio of 84.29, a PEG ratio of 3.78 and a beta of 1.22. Monolithic Power Systems, Inc. has a twelve month low of $383.19 and a twelve month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.25 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 0.71%. Monolithic Power Systems’s payout ratio is presently 59.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. RiverPark Advisors LLC acquired a new position in Monolithic Power Systems in the first quarter valued at about $27,000. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the first quarter valued at about $31,000. Arlington Trust Co LLC lifted its position in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 23 shares during the last quarter. Operose Advisors LLC acquired a new position in Monolithic Power Systems in the third quarter valued at about $43,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MPWR. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday. KeyCorp lifted their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, TD Cowen lifted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $743.78.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.