Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas Sells 10,999 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) EVP Maurice Sciammas sold 10,999 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the sale, the executive vice president now directly owns 118,876 shares in the company, valued at approximately $100,311,135.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $860.81 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $868.97. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of 102.60, a PEG ratio of 4.26 and a beta of 1.11. The firm’s 50-day simple moving average is $776.29 and its 200 day simple moving average is $701.34.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The business had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.58%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Analyst Ratings Changes

MPWR has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. KeyCorp increased their price objective on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday. Truist Financial increased their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company increased 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, May 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $806.13.

Check Out Our Latest Analysis on Monolithic Power Systems

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Alps Advisors Inc. increased its stake in Monolithic Power Systems by 5.0% in the 3rd quarter. Alps Advisors Inc. now owns 696 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 33 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Monolithic Power Systems in the 3rd quarter valued at about $692,000. Comerica Bank purchased a new stake in Monolithic Power Systems in the 3rd quarter valued at about $4,862,000. Banque Pictet & Cie SA increased its stake in Monolithic Power Systems by 34.8% in the 3rd quarter. Banque Pictet & Cie SA now owns 925 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 239 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Monolithic Power Systems by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 272,036 shares of the semiconductor company’s stock valued at $125,680,000 after buying an additional 1,273 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

(Get Free Report)

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.

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