Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Sells $2,149,811.04 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 2,672 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the sale, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at $706,200,053.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Hsing also recently made the following trade(s):

• On Monday, June 3rd, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $731.08, for a total transaction of $5,848,640.00.
• On Wednesday, May 8th, Michael Hsing sold 2,824 shares of Monolithic Power Systems stock. The stock was sold at an average price of $690.00, for a total value of $1,948,560.00.
• On Wednesday, May 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00.

Monolithic Power Systems Stock Up 1.3 %

Shares of MPWR stock opened at $839.22 on Friday. The company has a market capitalization of $40.85 billion, a P/E ratio of 100.03, a P/E/G ratio of 4.14 and a beta of 1.11. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $856.30. The firm has a 50-day moving average price of $761.85 and a 200 day moving average price of $694.52.

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

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Monolithic Power Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $362,477,000. BNP Paribas Financial Markets increased its holdings in shares of Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after purchasing an additional 148,771 shares in the last quarter. Vanguard Group Inc. raised its position in Monolithic Power Systems by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after purchasing an additional 123,946 shares during the last quarter. Rokos Capital Management LLP lifted its holdings in 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 worth $93,218,000 after buying an additional 115,250 shares in the last quarter. Finally, UBS Group AG boosted its position in Monolithic Power Systems by 100.4% in the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after buying an additional 97,357 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.