Key Points
- Executive stock sale: EVP Maurice Sciammas sold 30 MPWR shares for $40,318.20 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 2.61% to 1,119 shares.
- Strong quarterly results: Monolithic Power Systems reported $6.50 in EPS and $980.64 million in revenue, beating estimates of $5.87 and $903.30 million, respectively. Revenue increased 47.6% year over year.
- Positive but high-valued outlook: Analysts maintain a “Moderate Buy” consensus with an average price target of $1,705.82, while the stock trades at a high 82.49 price-to-earnings ratio and offers a 0.6% dividend yield.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Maurice Sciammas sold 30 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Wednesday, July 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,351.61, for a total transaction of $40,548.30.
- 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 transaction 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 transaction of $18,736,800.00.
Monolithic Power Systems Trading Up 0.8%
Shares of NASDAQ:MPWR opened at $1,345.45 on Thursday. The company has a fifty day simple moving average of $1,423.62 and a 200 day simple moving average of $1,324.10. The firm has a market cap of $66.10 billion, a PE ratio of 82.49 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12-month low of $785.00 and a 12-month high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.Monolithic Power Systems's revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.21 earnings per share. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.66 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is 49.05%.
Institutional Trading of Monolithic Power Systems
Several institutional investors have recently modified their holdings of MPWR. Corient Private Wealth LLC boosted its holdings in shares of Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the period. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $658,656,000. Royal Bank of Canada lifted its position in shares of Monolithic Power Systems by 168.1% in the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company's stock valued at $517,557,000 after acquiring an additional 296,788 shares in the last quarter. Invesco Ltd. lifted 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 in the last quarter. Finally, First Trust Advisors LP boosted its stake in Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company's stock worth $635,770,000 after purchasing an additional 253,653 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.
Wall Street Analyst Weigh In
MPWR has been the topic of a number of analyst reports. KeyCorp increased their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Rosenblatt Securities reissued a "neutral" rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Wells Fargo & Company raised their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. Finally, Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average price target of $1,705.82.
Read Our Latest Research 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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