Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Sells $820,460.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the completion of the sale, the director now owns 29,232 shares of the company’s stock, valued at approximately $23,983,686.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Monolithic Power Systems Trading Down 0.3 %

MPWR traded down $2.28 during midday trading on Monday, hitting $819.40. 548,856 shares of the company were exchanged, compared to its average volume of 522,861. The company’s 50 day simple moving average is $745.61 and its 200 day simple moving average is $689.82. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of 97.49, a price-to-earnings-growth ratio of 4.11 and a beta of 1.11. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. The company had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors have recently modified their holdings of MPWR. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $362,477,000. BNP Paribas Financial Markets grew its position in shares of Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after acquiring an additional 148,771 shares during the period. Vanguard Group Inc. grew its position in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after acquiring an additional 123,946 shares during the period. Rokos Capital Management LLP grew its position in shares of Monolithic Power Systems by 133.9% during the 3rd quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after acquiring an additional 115,250 shares during the period. Finally, UBS Group AG grew its position in shares of Monolithic Power Systems by 100.4% during the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after acquiring an additional 97,357 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on MPWR. KeyCorp boosted their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Truist Financial boosted their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.00.

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.