Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Sells 8,000 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total value of $5,294,800.00. Following the completion of the sale, the chief executive officer now owns 891,232 shares in the company, valued at approximately $589,861,899.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, April 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00.
• On Friday, March 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $726.08, for a total transaction of $5,808,640.00.
• On Thursday, February 8th, Michael Hsing sold 2,790 shares of Monolithic Power Systems stock. The shares were sold at an average price of $680.00, for a total value of $1,897,200.00.

Monolithic Power Systems Stock Down 0.8 %

Shares of MPWR opened at $707.22 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $383.19 and a 52-week high of $778.15. The stock has a fifty day simple moving average of $678.85 and a two-hundred day simple moving average of $616.32. The company has a market capitalization of $34.41 billion, a PE ratio of 84.29, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.71%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday. KeyCorp lifted their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer lifted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, TD Cowen upped their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $716.90.

Institutional Investors Weigh In On Monolithic Power Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RiverPark Advisors LLC purchased a new stake in Monolithic Power Systems in the 1st quarter valued at about $27,000. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the first quarter valued at approximately $31,000. Arlington Trust Co LLC lifted its stake in Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 23 shares in the last quarter. Operose Advisors LLC purchased a new position in shares of Monolithic Power Systems during the third quarter worth $43,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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 storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.