Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the completion of the sale, the chief executive officer now owns 899,232 shares in the company, valued at approximately $609,175,726.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Hsing also recently made the following trade(s):
- On Friday, March 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $726.08, for a total transaction of $5,808,640.00.
- On Thursday, February 8th, Michael Hsing sold 2,790 shares of Monolithic Power Systems stock. The shares were sold at an average price of $680.00, for a total transaction of $1,897,200.00.
- On Thursday, February 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $602.01, for a total transaction of $4,816,080.00.
- On Thursday, January 4th, Michael Hsing sold 58,654 shares of Monolithic Power Systems stock. The shares were sold at an average price of $583.14, for a total transaction of $34,203,493.56.
Monolithic Power Systems Price Performance
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Shares of MPWR stock opened at $649.84 on Thursday. The firm's 50-day moving average is $689.90 and its two-hundred day moving average is $586.73. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The company has a market capitalization of $31.62 billion, a PE ratio of 74.18, a price-to-earnings-growth ratio of 3.42 and a beta of 1.24.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to analysts' expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.21 EPS for the current year.
Monolithic Power Systems Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. Monolithic Power Systems's payout ratio is 57.08%.
Institutional Investors Weigh In On Monolithic Power Systems
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company's stock valued at $3,446,624,000 after acquiring an additional 90,589 shares during the period. FMR LLC increased its stake in Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company's stock worth $1,655,717,000 after buying an additional 929,009 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Monolithic Power Systems by 20.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,192,561 shares of the semiconductor company's stock worth $1,383,024,000 after buying an additional 377,923 shares during the period. State Street Corp increased its stake in Monolithic Power Systems by 2.3% during the 2nd quarter. State Street Corp now owns 1,853,175 shares of the semiconductor company's stock worth $1,002,974,000 after buying an additional 41,208 shares during the period. Finally, Franklin Resources Inc. increased its stake in Monolithic Power Systems by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company's stock worth $1,154,686,000 after buying an additional 43,191 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. TD Cowen boosted their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Finally, KeyCorp boosted their price target on shares of Monolithic Power Systems from $600.00 to $830.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $668.30.
Check Out Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Company Profile
(
Get Free Report)
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.
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