Insider Selling: Monolithic Power Systems, Inc. (MPWR) Insider Sells 21,308 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) insider Deming Xiao sold 21,308 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $130.66, for a total value of $2,784,103.28. Following the completion of the sale, the insider now owns 389,020 shares of the company’s stock, valued at $50,829,353.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Deming Xiao also recently made the following trade(s):

  • On Monday, February 4th, Deming Xiao sold 3,623 shares of Monolithic Power Systems stock. The stock was sold at an average price of $129.59, for a total value of $469,504.57.

MPWR stock traded up $2.28 during midday trading on Wednesday, reaching $134.28. The company’s stock had a trading volume of 813,729 shares, compared to its average volume of 349,291. Monolithic Power Systems, Inc. has a 1 year low of $101.99 and a 1 year high of $152.21. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 72.58, a PEG ratio of 1.75 and a beta of 1.44.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.31. Monolithic Power Systems had a return on equity of 18.51% and a net margin of 16.07%. The business had revenue of $153.50 million for the quarter, compared to analyst estimates of $153.63 million. During the same quarter last year, the firm posted $0.82 earnings per share. The business’s revenue was up 18.6% compared to the same quarter last year. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 2.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.40 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 64.86%.

Several institutional investors have recently made changes to their positions in MPWR. Advisors Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 46.1% during the second quarter. Advisors Asset Management Inc. now owns 28,476 shares of the semiconductor company’s stock valued at $3,806,000 after buying an additional 8,979 shares during the period. United Services Automobile Association grew its stake in Monolithic Power Systems by 13.2% in the second quarter. United Services Automobile Association now owns 24,014 shares of the semiconductor company’s stock valued at $3,210,000 after purchasing an additional 2,800 shares during the last quarter. First Hawaiian Bank purchased a new position in Monolithic Power Systems in the third quarter valued at about $127,000. Aperio Group LLC grew its stake in Monolithic Power Systems by 6.1% in the third quarter. Aperio Group LLC now owns 25,336 shares of the semiconductor company’s stock valued at $3,180,000 after purchasing an additional 1,458 shares during the last quarter. Finally, Oakbrook Investments LLC purchased a new position in Monolithic Power Systems in the third quarter valued at about $684,000. Hedge funds and other institutional investors own 98.06% of the company’s stock.

MPWR has been the topic of a number of recent analyst reports. BidaskClub upgraded Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. KeyCorp reduced their target price on Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 16th. Cowen reduced their target price on Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Finally, Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $148.88.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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