Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas Sells 7,000 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Monolithic Power Systems Trading Up 0.1 %

Shares of MPWR opened at $699.46 on Thursday. The firm’s fifty day simple moving average is $625.79 and its two-hundred day simple moving average is $752.19. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market capitalization of $34.12 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.89%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 13.60%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MPWR shares. Loop Capital increased their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Oppenheimer cut their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Finally, Citigroup assumed coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $866.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in shares of Monolithic Power Systems by 37.9% during the third quarter. CWM LLC now owns 2,155 shares of the semiconductor company’s stock valued at $1,992,000 after purchasing an additional 592 shares during the period. Valeo Financial Advisors LLC raised its stake in Monolithic Power Systems by 12.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 625 shares of the semiconductor company’s stock worth $578,000 after buying an additional 67 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in Monolithic Power Systems by 0.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 3,478 shares of the semiconductor company’s stock worth $3,216,000 after acquiring an additional 28 shares in the last quarter. Creative Planning grew its stake in Monolithic Power Systems by 25.0% in the third quarter. Creative Planning now owns 7,273 shares of the semiconductor company’s stock valued at $6,724,000 after acquiring an additional 1,455 shares during the period. Finally, NBC Securities Inc. increased its holdings in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

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.