Maurice Sciammas Sells 11,000 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Monolithic Power Systems Trading Down 0.6 %

Shares of NASDAQ:MPWR opened at $930.07 on Friday. The business’s fifty day simple moving average is $888.27 and its 200-day simple moving average is $797.58. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The company has a market capitalization of $45.27 billion, a PE ratio of 110.85, a P/E/G ratio of 4.13 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same period in the prior year, the firm earned $2.05 EPS. The firm’s revenue was up 15.0% on a year-over-year basis. Research analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $1.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.54%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Family Firm Inc. purchased a new position in Monolithic Power Systems in the 2nd quarter valued at about $25,000. RiverPark Advisors LLC purchased a new position in Monolithic Power Systems in the 1st quarter valued at about $27,000. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the 1st quarter valued at approximately $31,000. Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems in the second quarter worth $33,000. Finally, Crewe Advisors LLC increased its position in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Truist Financial reissued a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Raymond James lifted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $959.90.

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.