Key Points
- EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems on July 1 at an average price of $1,351.61, totaling about $40,548. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Monolithic Power Systems recently reported better-than-expected quarterly results, with EPS of $5.10 versus $4.90 expected and revenue of $804.19 million versus $781.93 million estimated. Revenue rose 26.1% year over year.
- The company also announced a quarterly dividend of $2.00 per share, payable July 15, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $1,599.17.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total value of $40,548.30. Following the transaction, the executive vice president directly owned 1,149 shares in the company, valued at $1,552,999.89. The trade was a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Maurice Sciammas also recently made the following trade(s):
- On Monday, June 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,533.95, for a total value of $46,018.50.
- On Friday, May 15th, Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00.
- On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,588.73, for a total transaction of $47,661.90.
- On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,583.81, for a total transaction of $601,847.80.
Monolithic Power Systems Stock Performance
NASDAQ MPWR opened at $1,272.28 on Tuesday. The company has a market capitalization of $62.51 billion, a price-to-earnings ratio of 92.46, a price-to-earnings-growth ratio of 2.30 and a beta of 1.71. The company's 50-day simple moving average is $1,532.73 and its two-hundred day simple moving average is $1,264.03. Monolithic Power Systems, Inc. has a one year low of $686.87 and a one year high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the previous year, the business posted $4.04 EPS. The company's quarterly revenue was up 26.1% compared to the same quarter last year. Equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.
Monolithic Power Systems Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems's dividend payout ratio is currently 57.68%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on MPWR. Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Needham & Company LLC raised their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,599.17.
Read Our Latest Stock Report on Monolithic Power Systems
Institutional Trading of Monolithic Power Systems
Several large investors have recently bought and sold shares of MPWR. State Street Corp raised its holdings in shares of Monolithic Power Systems by 2.1% in the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock worth $1,979,610,000 after buying an additional 45,715 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock valued at $1,855,476,000 after buying an additional 1,993,576 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock valued at $1,533,013,000 after buying an additional 117,596 shares during the last quarter. Invesco Ltd. increased its position in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock valued at $1,300,345,000 after acquiring an additional 295,556 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company's stock valued at $1,248,436,000 after acquiring an additional 44,583 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.
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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