Key Points
- EVP Saria Tseng sold 25,674 shares of Monolithic Power Systems on March 30 at an average price of $1,010.50 for about $25.94 million, cutting her stake by 12.8% to 174,982 shares (she also sold 22,875 shares on Feb. 6).
- Recent results were strong: MPS reported EPS of $4.79 (beating estimates) and revenue of $751.2M, up 20.8% year-over-year, while the stock carries a high valuation (market cap ~$54.9B, P/E ~87.8).
- Corporate actions and sentiment: MPS raised its quarterly dividend to $2.00 (ex-dividend Mar. 31, payable Apr. 15; annualized $8.00, yield ~0.7%) and holds a consensus analyst rating of "Moderate Buy" with a $1,218.42 average price target.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Saria Tseng sold 25,674 shares of the firm's stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the transaction, the executive vice president directly owned 174,982 shares in the company, valued at $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Saria Tseng also recently made the following trade(s):
- On Friday, February 6th, Saria Tseng 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
Shares of NASDAQ:MPWR opened at $1,118.49 on Friday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,256.22. The stock has a market capitalization of $54.94 billion, a price-to-earnings ratio of 87.79, a PEG ratio of 2.83 and a beta of 1.48. The company has a 50-day simple moving average of $1,122.31 and a 200-day simple moving average of $1,015.33.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business's revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company posted $4.09 earnings per share. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.
Monolithic Power Systems Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.00 dividend. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is 62.79%.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Citigroup upped their price target on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, February 6th. Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 10th. Finally, Truist Financial lifted 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 report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,218.42.
Read Our Latest Stock Report on MPWR
Institutional Trading of Monolithic Power Systems
A number of institutional investors have recently modified their holdings of the business. Covestor Ltd raised its position in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company's stock worth $230,000 after purchasing an additional 10 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 11 shares in the last quarter. YANKCOM Partnership grew its stake in shares of Monolithic Power Systems by 6.7% during the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company's stock worth $160,000 after purchasing an additional 11 shares during the period. Finally, First National Bank of Hutchinson grew its stake in shares of Monolithic Power Systems by 1.2% during the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company's stock worth $859,000 after purchasing an additional 11 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
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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