Monolithic Power Systems (NASDAQ:MPWR) EVP Maurice Sciammas Sells 30 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $1,095.07, for a total value of $32,852.10. Following the completion of the transaction, the executive vice president directly owned 1,269 shares in the company, valued at approximately $1,389,643.83. This trade represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 transaction of $26,790,285.00.

Monolithic Power Systems Stock Up 1.5%

NASDAQ:MPWR opened at $1,118.66 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22. The company has a fifty day moving average of $1,118.65 and a 200-day moving average of $1,007.09. The firm has a market capitalization of $54.95 billion, a P/E ratio of 87.81, a P/E/G ratio of 2.79 and a beta of 1.45.

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

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MPWR shares. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Stifel Nicolaus raised their price objective 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. Truist Financial boosted their price objective on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Citigroup increased their target price on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $1,218.42.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently added to or reduced their stakes in MPWR. Brighton Jones LLC boosted its stake in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Monolithic Power Systems by 21.5% in the second quarter. TD Waterhouse Canada Inc. now owns 164 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 29 shares during the last quarter. MAI Capital Management lifted its holdings in shares of Monolithic Power Systems by 24.1% in the second quarter. MAI Capital Management now owns 196 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 38 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Monolithic Power Systems by 2.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 343,961 shares of the semiconductor company’s stock valued at $251,566,000 after buying an additional 7,975 shares during the last quarter. 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.