Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao Sells 859 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the transaction, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, July 22nd, Deming Xiao sold 3,205 shares of Monolithic Power Systems stock. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90.
• On Wednesday, May 22nd, Deming Xiao sold 1,300 shares of Monolithic Power Systems stock. The stock was sold at an average price of $769.40, for a total transaction of $1,000,220.00.

Monolithic Power Systems Price Performance

MPWR stock traded down $3.95 during mid-day trading on Monday, reaching $819.05. The company had a trading volume of 156,954 shares, compared to its average volume of 536,491. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $891.67. The company has a market capitalization of $39.87 billion, a PE ratio of 98.42, a price-to-earnings-growth ratio of 3.92 and a beta of 1.11. The firm has a 50 day moving average of $815.28 and a 200 day moving average of $734.36.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 EPS. Analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently modified their holdings of MPWR. Family Firm Inc. purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $25,000. RiverPark Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth about $27,000. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the first quarter worth about $31,000. Atwood & Palmer Inc. acquired a new position in Monolithic Power Systems in the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC raised its stake in Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research reports. KeyCorp boosted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Oppenheimer increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Rosenblatt Securities upped their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $882.30.

Monolithic Power Systems Company Profile

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.