Monolithic Power Systems (NASDAQ:MPWR) Director Victor Lee Sells 1,000 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the sale, the director directly owned 28,567 shares in the company, valued at $27,187,785.24. The trade was a 3.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Monolithic Power Systems Price Performance

MPWR opened at $930.04 on Tuesday. The company has a market capitalization of $44.56 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.20 and a beta of 1.47. The firm’s fifty day moving average price is $961.42 and its two-hundred day moving average price is $870.43. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. During the same quarter in the prior year, the company posted $4.06 EPS. The business’s revenue was up 18.9% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 11 shares during the period. SJS Investment Consulting Inc. lifted its position in Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. WPG Advisers LLC bought a new position in shares of Monolithic Power Systems in the 1st quarter valued at about $27,000. NewSquare Capital LLC grew its position in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Monolithic Power Systems during the third quarter worth approximately $33,000. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on MPWR. Citigroup increased their price objective on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday. Wells Fargo & Company increased their price target on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

About Monolithic Power Systems

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.