Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $25,943,577.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 25,674 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the completion of the sale, the executive vice president directly owned 174,982 shares of the company’s stock, valued at $176,819,311. This represents a 12.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, February 6th, Saria Tseng sold 22,875 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00.

Monolithic Power Systems Stock Down 0.2%

NASDAQ:MPWR traded down $2.67 on Thursday, hitting $1,116.84. The stock had a trading volume of 67,454 shares, compared to its average volume of 595,111. The company has a fifty day moving average price of $1,121.48 and a two-hundred day moving average price of $1,014.61. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The stock has a market cap of $54.86 billion, a price-to-earnings ratio of 87.41, a PEG ratio of 2.77 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released 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. The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.09 EPS. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on MPWR shares. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Citigroup increased their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Rosenblatt Securities upped their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, January 29th. One equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,218.42.

Institutional Trading of Monolithic Power Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC grew its stake 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 acquiring an additional 11 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in Monolithic Power Systems by 2,700.0% in 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 in the last quarter. Salomon & Ludwin LLC acquired a new stake in Monolithic Power Systems in the third quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Monolithic Power Systems during the 4th quarter worth about $34,000. Finally, IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 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.