Maurice Sciammas Sells 7,000 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Monolithic Power Systems Stock Up 0.1 %

Shares of NASDAQ MPWR opened at $699.99 on Friday. The firm has a market cap of $34.15 billion, a PE ratio of 19.04, a P/E/G ratio of 2.53 and a beta of 1.03. The company’s fifty day simple moving average is $625.79 and its 200 day simple moving average is $752.19. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13 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 Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 13.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MPWR shares. Wells Fargo & Company upped their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. TD Cowen decreased their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Oppenheimer lowered their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $866.17.

Institutional Trading of Monolithic Power Systems

Several hedge funds have recently bought and sold shares of the business. Outlook Wealth Advisors LLC lifted its stake in shares of Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after buying an additional 12 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Monolithic Power Systems by 1.5% in the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after acquiring an additional 14 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 14 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after purchasing an additional 14 shares during the last quarter. Finally, Graypoint LLC increased its holdings in Monolithic Power Systems by 3.9% during the 3rd quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock worth $373,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Monolithic Power Systems

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.