Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer Sells 3,800 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $538.94, for a total value of $2,047,972.00. Following the sale, the director now owns 470 shares in the company, valued at approximately $253,301.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Monolithic Power Systems Trading Up 2.1 %

Shares of NASDAQ MPWR opened at $551.20 on Tuesday. The firm has a market cap of $26.42 billion, a PE ratio of 59.72, a PEG ratio of 5.79 and a beta of 1.16. Monolithic Power Systems, Inc. has a 1-year low of $336.63 and a 1-year high of $595.98. The company has a fifty day moving average price of $467.97 and a 200 day moving average price of $492.67.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.08. The company had revenue of $474.87 million during the quarter, compared to the consensus estimate of $474.12 million. Monolithic Power Systems had a net margin of 24.60% and a return on equity of 24.92%. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 9.18 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $4.00 annualized dividend and a dividend yield of 0.73%. Monolithic Power Systems’s dividend payout ratio is 43.34%.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in Monolithic Power Systems by 5.0% in the second quarter. BlackRock Inc. now owns 5,431,454 shares of the semiconductor company’s stock valued at $2,934,234,000 after purchasing an additional 257,328 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Monolithic Power Systems by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,872,963 shares of the semiconductor company’s stock worth $2,366,701,000 after purchasing an additional 78,909 shares during the last quarter. FMR LLC boosted its holdings in Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after purchasing an additional 929,009 shares during the last quarter. State Street Corp boosted its holdings in Monolithic Power Systems by 2.3% during the second quarter. State Street Corp now owns 1,853,175 shares of the semiconductor company’s stock worth $1,002,974,000 after purchasing an additional 41,208 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Monolithic Power Systems by 5.6% during the second quarter. Franklin Resources Inc. now owns 1,803,714 shares of the semiconductor company’s stock worth $974,421,000 after purchasing an additional 96,107 shares during the last quarter. Institutional investors and hedge funds own 96.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $510.00 to $575.00 and gave the stock an “overweight” rating in a report on Tuesday, August 1st. StockNews.com initiated coverage on Monolithic Power Systems in a research report on Thursday, October 5th. They set a “hold” rating for the company. Needham & Company LLC reduced their target price on Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Stifel Nicolaus restated a “buy” rating and issued a $600.00 target price on shares of Monolithic Power Systems in a report on Tuesday, October 31st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $580.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $551.08.

Monolithic Power Systems Company Profile

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.