Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 20,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.53, for a total value of $2,870,600.00. Following the sale, the director now owns 467,260 shares of the company’s stock, valued at approximately $67,065,827.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ MPWR traded down $0.69 on Tuesday, reaching $143.12. The company had a trading volume of 222,146 shares, compared to its average volume of 310,045. The company has a 50 day moving average of $130.48. The company has a market capitalization of $6.17 billion, a PE ratio of 59.88, a price-to-earnings-growth ratio of 2.19 and a beta of 1.68. Monolithic Power Systems, Inc. has a 52 week low of $101.99 and a 52 week high of $161.22.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. Monolithic Power Systems had a return on equity of 17.99% and a net margin of 18.43%. The business had revenue of $141.40 million during the quarter, compared to the consensus estimate of $141.11 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Monolithic Power Systems, Inc. will post 2.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. Monolithic Power Systems’s payout ratio is 66.95%.
Large investors have recently bought and sold shares of the business. CWM LLC grew its stake in Monolithic Power Systems by 128.5% in the first quarter. CWM LLC now owns 377 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 212 shares during the period. Quadrant Capital Group LLC grew its stake in Monolithic Power Systems by 98.2% in the first quarter. Quadrant Capital Group LLC now owns 672 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 333 shares during the period. Quantamental Technologies LLC acquired a new position in Monolithic Power Systems in the first quarter valued at about $98,000. NN Investment Partners Holdings N.V. acquired a new position in Monolithic Power Systems in the second quarter valued at about $163,000. Finally, Marshall Wace North America L.P. grew its stake in Monolithic Power Systems by 10.1% in the first quarter. Marshall Wace North America L.P. now owns 1,518 shares of the semiconductor company’s stock valued at $205,000 after acquiring an additional 139 shares during the period. 96.00% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Loop Capital reiterated a “hold” rating and issued a $76.00 price objective on shares of Power Integrations in a report on Tuesday, June 18th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price objective (up previously from $140.00) on shares of Universal Display in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $148.13.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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