Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $601,847.80 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 380 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,583.81, for a total value of $601,847.80. Following the transaction, the executive vice president owned 919 shares in the company, valued at $1,455,521.39. The trade was a 29.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Maurice Sciammas also recently made the following trade(s):

• On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,588.73, for a total value of $47,661.90.
• On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,116.44, for a total value of $33,493.20.
• On Friday, March 20th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,095.07, for a total value of $32,852.10.
• On Wednesday, February 11th, Maurice Sciammas sold 200 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,179.97, for a total value of $235,994.00.
• On Friday, February 6th, Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock traded up $63.74 on Wednesday, reaching $1,651.86. 494,293 shares of the company’s stock were exchanged, compared to its average volume of 601,607. The company has a market capitalization of $81.16 billion, a P/E ratio of 119.10, a price-to-earnings-growth ratio of 3.31 and a beta of 1.74. Monolithic Power Systems, Inc. has a 52 week low of $613.00 and a 52 week high of $1,662.00. The firm’s 50-day moving average is $1,236.23 and its two-hundred day moving average is $1,091.50.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.During the same period in the prior year, the business earned $4.04 EPS. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, analysts expect that Monolithic Power Systems, Inc. will post 17.01 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $2.00 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date was Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

Institutional Trading of Monolithic Power Systems

Large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems in the fourth quarter valued at about $34,000. IFP Advisors Inc increased its stake in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd raised its holdings in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the period. Greenline Wealth Management LLC purchased a new position in Monolithic Power Systems in the fourth quarter valued at approximately $38,000. Finally, Cornerstone Planning Group LLC lifted its stake in Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. KeyCorp raised their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. TD Cowen raised their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Rosenblatt Securities raised their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

About Monolithic Power Systems

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.