Deming Xiao Sells 866 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Deming Xiao also recently made the following trade(s):

• On Tuesday, August 27th, Deming Xiao sold 9,259 shares of Monolithic Power Systems stock. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00.
• On Thursday, August 22nd, Deming Xiao sold 10,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00.

Monolithic Power Systems Trading Down 4.1 %

Shares of Monolithic Power Systems stock opened at $576.79 on Friday. The company has a 50 day moving average of $866.42 and a 200-day moving average of $828.49. Monolithic Power Systems, Inc. has a 1-year low of $532.86 and a 1-year high of $959.64. The company has a market cap of $28.14 billion, a PE ratio of 65.03, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s payout ratio is 56.37%.

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC lifted its stake in Monolithic Power Systems by 3.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock valued at $268,000 after purchasing an additional 12 shares during the last quarter. Evergreen Capital Management LLC increased its position in Monolithic Power Systems by 1.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 12 shares during the period. Outlook Wealth Advisors LLC increased its position in Monolithic Power Systems by 2.5% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after acquiring an additional 12 shares during the period. Greenleaf Trust increased its position in Monolithic Power Systems by 1.5% in the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after acquiring an additional 14 shares during the period. Finally, Aptus Capital Advisors LLC increased 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 during the period. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MPWR. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Truist Financial reissued a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their target price on shares of 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. Raymond James lifted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $950.00 price target on shares of Monolithic Power Systems in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $916.73.

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.