Key Points
- EVP Maurice Sciammas sold 30 shares on March 20 at about $1,095 each (total $32,852), part of broader insider selling that included a Feb. 6 disposition of 22,875 shares for roughly $26.79 million.
- Monolithic Power beat expectations for the quarter (EPS $4.79 vs. $4.74; revenue $751.2M, +20.8% YoY) but trades at a rich valuation (market cap ~$54.95B, PE ~87.8) while analysts remain mostly bullish with an average target near $1,218.
- The company increased its quarterly dividend to $2.00 (annualized $8.00), ex-dividend March 31, implying a yield of about 0.7% and a payout ratio around 49%.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Friday, March 20th. The stock was sold at an average price of $1,095.07, for a total transaction of $32,852.10. Following the transaction, the executive vice president directly owned 1,269 shares in the company, valued at $1,389,643.83. This represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Maurice Sciammas also recently made the following trade(s):
- On Wednesday, February 11th, Maurice Sciammas sold 200 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,179.97, for a total transaction of $235,994.00.
- On Friday, February 6th, Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00.
Monolithic Power Systems Stock Performance
Monolithic Power Systems stock opened at $1,118.66 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22. The firm's 50-day simple moving average is $1,118.65 and its 200 day simple moving average is $1,007.09. The stock has a market cap of $54.95 billion, a PE ratio of 87.81, a price-to-earnings-growth ratio of 2.79 and a beta of 1.45.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to analysts' expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.09 EPS. As a group, analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.
Monolithic Power Systems Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.56. Monolithic Power Systems's dividend payout ratio (DPR) is presently 48.98%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on MPWR shares. Citigroup increased their price target on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, February 9th. Truist Financial boosted their target price on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an "overweight" rating in a research report on Friday, February 6th. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. Finally, Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,218.42.
Check Out Our Latest Report on Monolithic Power Systems
Hedge Funds Weigh In On Monolithic Power Systems
Several large investors have recently modified their holdings of the business. Penserra Capital Management LLC boosted its stake in Monolithic Power Systems by 88.9% in the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company's stock worth $2,016,000 after purchasing an additional 1,031 shares during the period. AE Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the third quarter valued at about $1,121,000. Candriam S.C.A. lifted its holdings in shares of Monolithic Power Systems by 6.9% in the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company's stock worth $79,089,000 after buying an additional 5,561 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock valued at $5,591,998,000 after acquiring an additional 134,087 shares during the period. Finally, First Trust Advisors LP grew its stake in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company's stock valued at $412,263,000 after acquiring an additional 178,622 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.
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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