Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Sells $4,913,860.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $699.99 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The stock’s fifty day moving average price is $625.79 and its two-hundred day moving average price is $752.19. The company has a market cap of $34.15 billion, a PE ratio of 19.04, a P/E/G ratio of 2.53 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.89%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 13.60%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MPWR. Loop Capital upped their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. KeyCorp upped their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, Oppenheimer dropped their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $866.17.

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. Vanguard Group Inc. increased its holdings in shares of Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock worth $3,446,223,000 after buying an additional 74,046 shares in the last quarter. FMR LLC increased its holdings in Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after purchasing an additional 361,416 shares in the last quarter. State Street Corp increased its holdings in Monolithic Power Systems by 2.1% in the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after purchasing an additional 42,678 shares in the last quarter. Geode Capital Management LLC raised its position in Monolithic Power Systems by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock valued at $807,158,000 after purchasing an additional 31,295 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company’s stock valued at $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.