Monolithic Power Systems (NASDAQ:MPWR) Director Kuo Wei Herbert Chang Sells 50 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the sale, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Kuo Wei Herbert Chang also recently made the following trade(s):

• On Tuesday, August 11th, Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00.

Monolithic Power Systems Stock Up 1.5%

NASDAQ MPWR opened at $1,304.15 on Wednesday. The company’s 50 day moving average is $1,362.15 and its 200-day moving average is $1,349.28. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The firm has a market cap of $64.09 billion, a P/E ratio of 79.96 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period last year, the firm earned $4.21 EPS. Monolithic Power Systems’s revenue for the quarter was up 47.6% on a year-over-year basis. Equities analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MPWR. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the company a “buy” rating in a report on Thursday, August 20th. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Finally, Truist Financial raised their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Institutional Investors Weigh In On Monolithic Power Systems

Several large investors have recently added to or reduced their stakes in MPWR. Fideuram Asset Management Ireland dac bought a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $3,983,000. Mirabaud Asset Management Ltd bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $4,424,000. Baker Avenue Asset Management LP boosted its position in shares of Monolithic Power Systems by 436.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock valued at $2,884,000 after purchasing an additional 2,589 shares in the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems in the fourth quarter worth $658,656,000. Finally, Vest Financial LLC grew its stake in Monolithic Power Systems by 35.2% in the fourth quarter. Vest Financial LLC now owns 66,613 shares of the semiconductor company’s stock worth $60,375,000 after purchasing an additional 17,336 shares during the period. Institutional investors own 93.46% of the company’s stock.

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.