Key Points
- EVP Saria Tseng sold 8,963 shares on April 8 at an average of $1,305.22 for a total of $11,698,686.86 under a pre-arranged Rule 10b5-1 plan, trimming her holdings by 5.4% to 156,983 shares.
- Monolithic Power beat quarterly expectations with $4.79 EPS and $751.16M revenue (up 20.8% YoY) and announced a higher quarterly dividend of $2.00 (annualized $8.00, ~0.6% yield).
- The stock carries a market cap of $66.5B and a P/E of ~106, with a 52-week range of $476–$1,370; analysts have a consensus Moderate Buy rating and a $1,218.42 price target.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Saria Tseng sold 8,963 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $1,305.22, for a total value of $11,698,686.86. Following the transaction, the executive vice president directly owned 156,983 shares in the company, valued at approximately $204,897,351.26. This represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Monday, April 6th, Saria Tseng sold 7,636 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,167.95, for a total value of $8,918,466.20.
- 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 value of $1,586,928.00.
- On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00.
- 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 value of $26,790,285.00.
Monolithic Power Systems Stock Performance
Shares of NASDAQ MPWR opened at $1,353.85 on Friday. The firm has a market cap of $66.50 billion, a price-to-earnings ratio of 106.27, a P/E/G ratio of 3.38 and a beta of 1.48. The business's 50-day simple moving average is $1,138.20 and its 200-day simple moving average is $1,030.26. Monolithic Power Systems, Inc. has a 52 week low of $476.00 and a 52 week high of $1,370.00.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating analysts' consensus estimates of $4.74 by $0.05. The business 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 firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.09 EPS. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.
Monolithic Power Systems Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems's payout ratio is 62.79%.
Institutional Trading of Monolithic Power Systems
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock worth $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. State Street Corp grew its holdings in shares of Monolithic Power Systems by 2.1% during the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock worth $1,979,610,000 after purchasing an additional 45,715 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Monolithic Power Systems by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock worth $1,533,013,000 after purchasing an additional 117,596 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock worth $1,300,345,000 after purchasing an additional 295,556 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Analyst Ratings Changes
MPWR has been the topic of a number of research analyst reports. KeyCorp raised their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, February 6th. William Blair reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. Rosenblatt Securities raised their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a "neutral" rating in a report on Friday, February 6th. Finally, Citigroup raised their target price on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,218.42.
Read Our Latest Stock Report on MPWR
Monolithic Power Systems Company Profile
(
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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