Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Sells 1,000 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now directly owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $839.22 on Thursday. The company’s 50-day moving average is $758.28 and its two-hundred day moving average is $693.51. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $856.30. The firm has a market capitalization of $40.85 billion, a price-to-earnings ratio of 100.03, a PEG ratio of 4.11 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $1.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.60%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research analyst reports. KeyCorp lifted their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Truist Financial upped their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, Oppenheimer increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $766.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MPWR. Vanguard Group Inc. raised its position in Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after purchasing an additional 55,874 shares during the period. Franklin Resources Inc. increased its stake in Monolithic Power Systems by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after purchasing an additional 43,191 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Monolithic Power Systems by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after buying an additional 3,105 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Monolithic Power Systems by 4.4% in the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock worth $648,736,000 after acquiring an additional 43,225 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.