Monolithic Power Systems (NASDAQ:MPWR) EVP Saria Tseng Sells 7,636 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 7,636 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $1,167.95, for a total transaction of $8,918,466.20. Following the completion of the transaction, the executive vice president directly owned 165,946 shares of the company’s stock, valued at approximately $193,816,630.70. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Saria Tseng sold 1,400 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,133.52, for a total transaction of $1,586,928.00.
• On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00.
• 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 Price Performance

MPWR stock opened at $1,312.94 on Thursday. Monolithic Power Systems, Inc. has a 1 year low of $449.53 and a 1 year high of $1,322.62. The company has a market cap of $64.49 billion, a P/E ratio of 103.06, a PEG ratio of 2.83 and a beta of 1.48. The firm has a 50-day moving average of $1,130.58 and a 200 day moving average of $1,025.12.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same quarter last year, the firm earned $4.09 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities research 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is 62.79%.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors have recently made changes to their positions in MPWR. Brighton Jones LLC grew its holdings in shares of Monolithic Power Systems by 46.0% during the fourth 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 grew its holdings in shares of 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 buying an additional 161 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $256,000. EverSource Wealth Advisors LLC grew its holdings in shares of Monolithic Power Systems by 11.3% during the second quarter. EverSource Wealth Advisors LLC now owns 524 shares of the semiconductor company’s stock valued at $383,000 after buying an additional 53 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MPWR. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Truist Financial raised their target price on shares of 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. Citigroup raised their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

About Monolithic Power Systems

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.