Key Points
- Director Kuo Wei Herbert Chang sold 50 MPWR shares for $71,000 at an average price of $1,420, reducing his holdings by 8.13% to 565 shares.
- Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 beating estimates of $5.87 and revenue rising 47.6% year over year to $980.64 million.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $1,705.82, while institutional investors own 93.46% of shares.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Kuo Wei Herbert Chang sold 50 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the transaction, the director owned 565 shares of the company's stock, valued at $802,300. The trade was a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Monolithic Power Systems Trading Down 4.4%
Shares of NASDAQ:MPWR opened at $1,362.55 on Friday. The firm has a market cap of $66.96 billion, a price-to-earnings ratio of 83.54 and a beta of 1.69. The stock's 50-day moving average price is $1,396.06 and its two-hundred day moving average price is $1,338.29. Monolithic Power Systems, Inc. has a 12-month low of $800.97 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 for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same period in the prior year, the firm posted $4.21 EPS. The company's revenue was up 47.6% on a year-over-year basis. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio is presently 49.05%.
Wall Street Analysts Forecast Growth
MPWR has been the subject of several research analyst reports. Raymond James Financial restated an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday. Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. Weiss Ratings cut shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a report on Friday, July 31st. One equities 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,705.82.
View Our Latest Research Report on Monolithic Power Systems
Hedge Funds Weigh In On Monolithic Power Systems
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter valued at about $7,727,289,000. Corient Private Wealth LLC grew its stake in 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 valued at $1,855,476,000 after purchasing an additional 1,993,576 shares in the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems during the 4th quarter worth approximately $658,656,000. Royal Bank of Canada increased its holdings in Monolithic Power Systems by 168.1% during the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company's stock worth $517,557,000 after purchasing an additional 296,788 shares during the last quarter. Finally, Invesco Ltd. raised 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 purchasing an additional 295,556 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
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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