Saria Tseng Sells 7,636 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 7,636 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $1,167.95, for a total value of $8,918,466.20. Following the sale, the executive vice president owned 165,946 shares in the company, valued at $193,816,630.70. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Saria Tseng also recently made the following trade(s):

• On Wednesday, April 1st, Saria Tseng sold 1,400 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,133.52, for a total value of $1,586,928.00.
• On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00.
• On Friday, February 6th, Saria Tseng sold 22,875 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00.

Monolithic Power Systems Trading Up 10.8%

NASDAQ:MPWR traded up $128.55 during trading hours on Wednesday, reaching $1,319.77. 442,066 shares of the company traded hands, compared to its average volume of 593,042. The business’s 50-day moving average price is $1,127.56 and its two-hundred day moving average price is $1,023.09. The stock has a market capitalization of $64.82 billion, a P/E ratio of 103.51, a P/E/G ratio of 2.83 and a beta of 1.48. Monolithic Power Systems, Inc. has a 1 year low of $449.53 and a 1 year high of $1,314.37.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter in the previous year, the business earned $4.09 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 62.79%.

Analyst Ratings Changes

MPWR has been the subject of a number of analyst reports. Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. KeyCorp upped their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Stifel Nicolaus upped their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One equities research 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Hsbc Holdings PLC boosted its holdings in Monolithic Power Systems by 43.1% in the 4th quarter. Hsbc Holdings PLC now owns 200,626 shares of the semiconductor company’s stock valued at $182,310,000 after purchasing an additional 60,414 shares during the period. Stance Capital LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth $1,283,000. Forty three Eighteen Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $1,299,000. Rockefeller Capital Management L.P. raised its stake in Monolithic Power Systems by 20.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,789 shares of the semiconductor company’s stock worth $2,529,000 after acquiring an additional 470 shares during the period. Finally, Worthington Financial Partners LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth $1,724,000. 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.