Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Sells $29,978,562.60 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 37,093 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the transaction, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, May 8th, Saria Tseng sold 869 shares of Monolithic Power Systems stock. The shares were sold at an average price of $690.02, for a total transaction of $599,627.38.

Monolithic Power Systems Trading Up 1.3 %

MPWR opened at $839.22 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $856.30. The firm has a 50-day moving average price of $761.85 and a two-hundred day moving average price of $694.52. The stock has a market capitalization of $40.85 billion, a PE ratio of 100.03, a PEG ratio of 4.14 and a beta of 1.11.

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

Monolithic Power Systems Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Institutional Investors Weigh In On Monolithic Power Systems

Institutional investors have recently modified their holdings of the business. Weiss Asset Management LP acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $1,899,000. Cim LLC bought a new position in Monolithic Power Systems in the fourth quarter valued at approximately $2,197,000. Adage Capital Partners GP L.L.C. lifted its stake in Monolithic Power Systems by 36.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock valued at $21,945,000 after buying an additional 12,600 shares in the last quarter. Zevenbergen Capital Investments LLC lifted its stake in Monolithic Power Systems by 3.0% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 53,118 shares of the semiconductor company’s stock valued at $33,506,000 after buying an additional 1,560 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Monolithic Power Systems by 199.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock valued at $2,772,000 after buying an additional 2,925 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

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