Key Points
- Director Victor Lee sold 1,000 shares on Dec. 24 at an average price of $951.72 (total ~$951,720), reducing his stake by 3.38% to 28,567 shares; the transaction was disclosed in an SEC filing.
- The company declared a quarterly dividend of $1.56 per share (ex-dividend date Dec. 31, payable Jan. 15), equivalent to a $6.24 annualized payout and about a 0.7% yield.
- Monolithic Power beat estimates in its latest quarter with EPS of $4.73 and revenue of $737.2M (up 18.9% year-over-year), and analysts maintain a consensus rating of Moderate Buy with a ~$1,074.58 price target.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Victor Lee sold 1,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total value of $951,720.00. Following the completion of the transaction, the director directly owned 28,567 shares in the company, valued at approximately $27,187,785.24. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Monolithic Power Systems Trading Down 1.7%
NASDAQ MPWR opened at $930.04 on Tuesday. The stock has a 50-day simple moving average of $961.42 and a 200 day simple moving average of $870.43. The company has a market capitalization of $44.56 billion, a PE ratio of 23.75, a P/E/G ratio of 3.20 and a beta of 1.47. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.62 by $0.11. The firm had revenue of $737.18 million for the quarter, compared to analysts' expectations of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company's revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.06 earnings per share. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 annualized dividend and a yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 15.93%.
Institutional Trading of Monolithic Power Systems
Several hedge funds and other institutional investors have recently modified their holdings of MPWR. Brighton Jones LLC grew its holdings in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after buying an additional 200 shares in the last quarter. AlphaQuest LLC lifted its stake in Monolithic Power Systems by 87.1% in the 1st quarter. AlphaQuest LLC now owns 131 shares of the semiconductor company's stock valued at $76,000 after acquiring an additional 61 shares in the last quarter. Ieq Capital LLC boosted its position in Monolithic Power Systems by 88.0% during the 1st quarter. Ieq Capital LLC now owns 4,370 shares of the semiconductor company's stock worth $2,535,000 after acquiring an additional 2,045 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $340,000. Finally, WPG Advisers LLC bought a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 93.46% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a "neutral" rating in a research note on Friday, October 31st. TD Cowen upped their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research report on Friday, October 31st. KeyCorp lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an "overweight" rating in a report on Friday, October 31st. Cowen reissued a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Monolithic Power Systems in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,074.58.
Read Our Latest Research Report on MPWR
About Monolithic Power Systems
(
Get Free Report)
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.
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