Monolithic Power Systems (NASDAQ:MPWR) EVP Saria Tseng Sells 25,674 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 25,674 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president owned 174,982 shares of the company’s stock, valued at $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 Stock Down 0.1%

Shares of Monolithic Power Systems stock opened at $1,118.49 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,256.22. The business’s fifty day simple moving average is $1,122.31 and its 200-day simple moving average is $1,015.33. The firm has a market cap of $54.94 billion, a PE ratio of 87.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.48.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the company earned $4.09 EPS. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 62.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MPWR. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Oppenheimer restated an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a report on Thursday, January 29th. Needham & Company LLC increased their price target 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. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds have recently made changes to their positions in MPWR. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares during the period. State Street Corp lifted its stake in Monolithic Power Systems by 2.1% in the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after buying an additional 45,715 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after acquiring an additional 1,993,576 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after acquiring an additional 117,596 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after acquiring an additional 295,556 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.