Key Points
- Saria Tseng, EVP of Monolithic Power Systems, sold 7,636 shares on April 6 at an average price of $1,167.95 for about $8.92 million, executing the trade under a pre-arranged Rule 10b5-1 plan and leaving her with 165,946 shares (a 4.4% reduction in her position, valued at roughly $193.8 million).
- Tseng has completed multiple recent sales — including trades on Feb. 6, Mar. 30 and Apr. 1 — totaling approximately $63.2 million of MPWR stock across the four transactions.
- Monolithic Power reported a strong quarter (EPS $4.79 vs. $4.74 expected; revenue $751.2M, up 20.8% YoY), the stock was trading up ~10.2%, and the company raised its quarterly dividend to $2.00 (annualized $8.00; yield ~0.6%).
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Saria Tseng sold 7,636 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $1,167.95, for a total transaction of $8,918,466.20. Following the sale, the executive vice president owned 165,946 shares in the company, valued at approximately $193,816,630.70. The trade was a 4.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Saria Tseng also recently made the following trade(s):
- On Wednesday, April 1st, Saria Tseng sold 1,400 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,133.52, for a total transaction of $1,586,928.00.
- On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00.
- On Friday, February 6th, Saria Tseng sold 22,875 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00.
Monolithic Power Systems Trading Up 10.2%
Shares of MPWR stock opened at $1,312.94 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $449.53 and a 12-month high of $1,322.62. The firm's 50 day moving average is $1,130.58 and its 200 day moving average is $1,025.12. The stock has a market capitalization of $64.49 billion, a P/E ratio of 103.06, a P/E/G ratio of 2.83 and a beta of 1.48.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company had revenue of $751.16 million for the quarter, compared to analysts' expectations of $741.69 million. During the same quarter last year, the company posted $4.09 earnings per share. The firm's quarterly revenue was up 20.8% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.
Monolithic Power Systems Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $2.00 dividend. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems's dividend payout ratio is 62.79%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MPWR. Brighton Jones LLC raised its position in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 200 shares during the period. Empowered Funds LLC raised its position in Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock worth $3,088,000 after acquiring an additional 161 shares during the period. Beacon Pointe Advisors LLC bought a new position in Monolithic Power Systems in the second quarter worth approximately $256,000. EverSource Wealth Advisors LLC raised its position in Monolithic Power Systems by 11.3% in the second quarter. EverSource Wealth Advisors LLC now owns 524 shares of the semiconductor company's stock worth $383,000 after acquiring an additional 53 shares during the period. Finally, SageView Advisory Group LLC bought a new position in Monolithic Power Systems in the second quarter worth approximately $224,000. 93.46% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Oppenheimer restated an "outperform" rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a report on Thursday, January 29th. KeyCorp raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. William Blair restated an "outperform" rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Finally, Truist Financial raised their target price on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a "buy" rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,218.42.
Get Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Company Profile
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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.
Further Reading
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