Saria Tseng Sells 8,963 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 8,963 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $1,305.22, for a total value of $11,698,686.86. Following the completion of the sale, the executive vice president directly owned 156,983 shares of the company’s stock, valued at approximately $204,897,351.26. The trade was a 5.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Saria Tseng also recently made the following trade(s):

• On Monday, April 6th, Saria Tseng sold 7,636 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,167.95, for a total value of $8,918,466.20.
• On Wednesday, April 1st, Saria Tseng sold 1,400 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,133.52, for a total value of $1,586,928.00.
• On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00.
• On Friday, February 6th, Saria Tseng sold 22,875 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00.

Monolithic Power Systems Trading Up 1.5%

Shares of MPWR stock opened at $1,353.85 on Friday. The stock has a market cap of $66.50 billion, a price-to-earnings ratio of 106.27, a PEG ratio of 3.43 and a beta of 1.48. The stock has a 50-day moving average of $1,138.20 and a 200-day moving average of $1,031.07. Monolithic Power Systems, Inc. has a 1-year low of $476.00 and a 1-year high of $1,370.00.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter in the prior year, the firm posted $4.09 earnings per share. The business’s quarterly revenue was up 20.8% on a year-over-year basis. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is currently 62.79%.

Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its position in shares of Monolithic Power Systems by 43.1% during the fourth quarter. Hsbc Holdings PLC now owns 200,626 shares of the semiconductor company’s stock worth $182,310,000 after purchasing an additional 60,414 shares during the period. Stance Capital LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $1,283,000. Forty three Eighteen Advisors LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $1,299,000. Rockefeller Capital Management L.P. raised its position in shares of Monolithic Power Systems by 20.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,789 shares of the semiconductor company’s stock worth $2,529,000 after purchasing an additional 470 shares during the period. Finally, Worthington Financial Partners LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $1,724,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on MPWR shares. Stifel Nicolaus upped their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Oppenheimer restated an “outperform” rating and set a $1,300.00 target price on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Needham & Company LLC upped their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company upped their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. One 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 company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,218.42.

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.