Victor Lee Sells 600 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor Lee sold 600 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $930.86, for a total value of $558,516.00. Following the transaction, the director owned 27,967 shares of the company’s stock, valued at approximately $26,033,361.62. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Monolithic Power Systems Trading Down 4.6%

Monolithic Power Systems stock opened at $959.08 on Thursday. The firm has a market cap of $45.95 billion, a PE ratio of 24.49, a P/E/G ratio of 2.85 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38. The stock’s 50 day simple moving average is $944.04 and its two-hundred day simple moving average is $881.48.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. During the same period in the previous year, the business posted $4.06 EPS. The business’s revenue was up 18.9% compared to the same quarter last year. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on MPWR shares. Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Citigroup increased their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, November 3rd. 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 MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,074.58.

Institutional Investors Weigh In On Monolithic Power Systems

Large investors have recently modified their holdings of the business. BLB&B Advisors LLC lifted its position in shares of Monolithic Power Systems by 9.1% during the 2nd quarter. BLB&B Advisors LLC now owns 9,205 shares of the semiconductor company’s stock valued at $6,732,000 after acquiring an additional 768 shares during the period. AXA S.A. increased its stake in Monolithic Power Systems by 47.8% in the 2nd quarter. AXA S.A. now owns 104,584 shares of the semiconductor company’s stock valued at $76,491,000 after purchasing an additional 33,834 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Monolithic Power Systems by 35.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,002 shares of the semiconductor company’s stock worth $6,585,000 after purchasing an additional 2,379 shares during the last quarter. Summit Place Financial Advisors LLC purchased a new stake in Monolithic Power Systems during the second quarter worth $1,027,000. Finally, Vanguard Group Inc. grew its holdings in Monolithic Power Systems by 0.3% in the second quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after purchasing an additional 19,277 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

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.