Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) Director Sells $64,078.50 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the sale, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kuo Wei Herbert Chang also recently made the following trade(s):

• On Tuesday, August 11th, Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,311.08 on Friday. The stock’s 50 day moving average is $1,354.21 and its 200 day moving average is $1,350.89. The firm has a market cap of $64.43 billion, a P/E ratio of 80.39 and a beta of 1.69. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. The business 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%.The firm’s revenue was up 47.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.21 earnings per share. Equities analysts anticipate 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 paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MPWR. Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Wells Fargo & Company increased their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Truist Financial lifted their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

Institutional Trading of Monolithic Power Systems

Several hedge funds have recently modified their holdings of MPWR. Transamerica Financial Advisors LLC acquired a new stake in Monolithic Power Systems in the second quarter worth $35,000. Danske Bank A S bought a new stake in Monolithic Power Systems in the second quarter valued at $36,000. Continuum Advisory LLC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $43,000. IFP Advisors Inc raised its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Finally, NBH Bank bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $54,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

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.