Michael Hsing Sells 3,807 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) CEO Michael Hsing sold 3,807 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $453.15, for a total transaction of $1,725,142.05. Following the sale, the chief executive officer now directly owns 1,044,904 shares of the company’s stock, valued at approximately $473,498,247.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Michael Hsing also recently made the following trade(s):

  • On Friday, April 1st, Michael Hsing sold 11,250 shares of Monolithic Power Systems stock. The shares were sold at an average price of $467.23, for a total transaction of $5,256,337.50.
  • On Monday, February 14th, Michael Hsing sold 6,421 shares of Monolithic Power Systems stock. The shares were sold at an average price of $429.60, for a total transaction of $2,758,461.60.
  • On Monday, February 7th, Michael Hsing sold 29,638 shares of Monolithic Power Systems stock. The shares were sold at an average price of $399.28, for a total transaction of $11,833,860.64.

Shares of MPWR opened at $451.98 on Friday. The company has a market capitalization of $21.02 billion, a PE ratio of 78.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. Monolithic Power Systems, Inc. has a one year low of $301.53 and a one year high of $580.00. The company’s fifty day moving average price is $436.40 and its 200 day moving average price is $468.21.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.83. Monolithic Power Systems had a net margin of 20.75% and a return on equity of 22.80%. During the same period last year, the business posted $0.86 EPS. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 7.06 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.66%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 52.08%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MPWR. Allspring Global Investments Holdings LLC acquired a new stake in Monolithic Power Systems in the 4th quarter worth $299,064,000. GQG Partners LLC acquired a new stake in Monolithic Power Systems in the 3rd quarter worth $247,393,000. Norges Bank acquired a new stake in Monolithic Power Systems in the 4th quarter worth $192,869,000. Moors & Cabot Inc. acquired a new stake in Monolithic Power Systems in the 3rd quarter worth $250,000. Finally, American Century Companies Inc. grew its position in Monolithic Power Systems by 187.9% in the 4th quarter. American Century Companies Inc. now owns 368,645 shares of the semiconductor company’s stock worth $181,863,000 after purchasing an additional 240,599 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

A number of research firms have recently weighed in on MPWR. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating and set a $500.00 price target on the stock. in a report on Wednesday, February 16th. StockNews.com began coverage on shares of Monolithic Power Systems in a report on Thursday, March 31st. They set a “hold” rating on the stock. Oppenheimer cut their price target on shares of Monolithic Power Systems from $600.00 to $525.00 in a report on Thursday, February 3rd. Needham & Company LLC upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $530.00 price target on the stock in a report on Friday, February 11th. Finally, William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Friday, February 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $549.11.

Monolithic Power Systems Company Profile (Get Rating)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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