Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) Director Sells 50 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the transaction, the director directly owned 565 shares in the company, valued at $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Monolithic Power Systems Trading Down 4.4%

NASDAQ MPWR traded down $62.46 on Thursday, reaching $1,362.55. The stock had a trading volume of 506,185 shares, compared to its average volume of 742,232. The business has a 50 day moving average price of $1,401.86 and a 200 day moving average price of $1,336.19. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The company has a market capitalization of $66.96 billion, a price-to-earnings ratio of 83.54 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business’s quarterly revenue was up 47.6% on a year-over-year basis. During the same period last year, the business earned $4.21 EPS. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Institutional Trading of Monolithic Power Systems

Several large investors have recently modified their holdings of the company. Merit Financial Group LLC grew its stake in shares of Monolithic Power Systems by 183.9% in the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after acquiring an additional 1,786 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new position in Monolithic Power Systems during the 4th quarter valued at $3,983,000. Mirabaud Asset Management Ltd bought a new stake in Monolithic Power Systems in the 4th quarter valued at $4,424,000. B. Metzler seel. Sohn & Co. AG grew its position in Monolithic Power Systems by 45.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock worth $2,219,000 after purchasing an additional 770 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Monolithic Power Systems by 37.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company’s stock worth $81,636,000 after purchasing an additional 24,657 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MPWR shares. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen increased their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, KeyCorp upped their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.

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.