Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Sells $820,460.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor K. Lee sold 1,000 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $820.46, for a total value of $820,460.00. Following the transaction, the director now owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $839.22 on Thursday. The stock’s fifty day moving average price is $758.28 and its two-hundred day moving average price is $693.51. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $856.30. The firm has a market cap of $40.85 billion, a price-to-earnings ratio of 100.03, a P/E/G ratio of 4.11 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million during the quarter, compared to the consensus estimate of $447.76 million. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors have recently modified their holdings of MPWR. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after acquiring an additional 55,874 shares during the last quarter. Franklin Resources Inc. boosted its position in Monolithic Power Systems by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock valued at $1,154,686,000 after buying an additional 43,191 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Monolithic Power Systems by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after buying an additional 3,105 shares in the last quarter. Brown Advisory Inc. increased its position in Monolithic Power Systems by 4.4% in the 4th quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock valued at $648,736,000 after acquiring an additional 43,225 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Oppenheimer lifted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, KeyCorp lifted their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $766.00.

Monolithic Power Systems Company Profile

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.