Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Sells $2,171,708.10 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 2,790 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the completion of the transaction, the chief executive officer now owns 865,332 shares in the company, valued at approximately $673,565,775.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Hsing also recently made the following trade(s):

• On Monday, July 22nd, Michael Hsing sold 9,614 shares of Monolithic Power Systems stock. The stock was sold at an average price of $831.58, for a total transaction of $7,994,810.12.
• On Monday, July 1st, Michael Hsing sold 2,672 shares of Monolithic Power Systems stock. The stock was sold at an average price of $804.57, for a total transaction of $2,149,811.04.
• On Monday, June 3rd, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $731.08, for a total transaction of $5,848,640.00.

Monolithic Power Systems Stock Up 5.3 %

Monolithic Power Systems stock opened at $867.81 on Wednesday. The company’s fifty day simple moving average is $817.12 and its 200-day simple moving average is $736.55. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $891.67. The stock has a market cap of $42.24 billion, a P/E ratio of 102.72, a P/E/G ratio of 3.92 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The business had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. During the same period in the previous year, the company posted $2.05 EPS. Monolithic Power Systems’s revenue was up 15.0% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s payout ratio is presently 59.59%.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Advisor Solutions LLC lifted its stake in shares of Monolithic Power Systems by 3.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock valued at $268,000 after purchasing an additional 12 shares during the last quarter. Baader Bank Aktiengesellschaft raised its holdings in Monolithic Power Systems by 0.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after acquiring an additional 14 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 15 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Monolithic Power Systems by 2.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after acquiring an additional 15 shares in the last quarter. Finally, American National Bank raised its holdings in Monolithic Power Systems by 1.5% in the 4th quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several research analyst reports. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $882.30.

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.