Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing Sells 8,000 Shares

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 sale, the chief executive officer now directly owns 891,232 shares in the company, valued at approximately $589,861,899.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value of $5,419,520.00.
• On Friday, March 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $726.08, for a total value 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 value of $1,897,200.00.

Monolithic Power Systems Stock Down 0.8 %

Shares of MPWR stock opened at $707.22 on Friday. The firm has a 50 day moving average of $678.85 and a two-hundred day moving average of $615.35. The stock has a market capitalization of $34.41 billion, a PE ratio of 84.29, a P/E/G ratio of 3.82 and a beta of 1.22. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The company had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Analysts expect that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after buying an additional 929,009 shares during the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems during the fourth quarter worth approximately $362,477,000. Vaughan Nelson Investment Management L.P. lifted its stake in Monolithic Power Systems by 87.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after purchasing an additional 180,500 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after purchasing an additional 148,771 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after purchasing an additional 123,946 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MPWR. TD Cowen upped their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial lifted their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday. Finally, KeyCorp raised their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $716.90.

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.