Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $122.36, for a total transaction of $1,835,400.00. Following the completion of the transaction, the director now owns 705,225 shares of the company’s stock, valued at $86,291,331. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Monolithic Power Systems, Inc. (MPWR) traded up $6.26 during trading hours on Friday, hitting $110.08. 1,038,128 shares of the stock traded hands, compared to its average volume of 340,650. The company has a market capitalization of $4,570.19, a P/E ratio of 73.88, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27. Monolithic Power Systems, Inc. has a 52-week low of $84.45 and a 52-week high of $126.80.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.91%. The company had revenue of $129.43 million for the quarter, compared to analysts’ expectations of $126.19 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. Monolithic Power Systems’s quarterly revenue was up 24.9% on a year-over-year basis. equities research analysts forecast that Monolithic Power Systems, Inc. will post 2.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.09%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s payout ratio is currently 53.69%.
MPWR has been the subject of a number of recent analyst reports. Deutsche Bank upped their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a research report on Friday, October 27th. Oppenheimer upped their target price on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price target for the company in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $129.25.
Institutional investors and hedge funds have recently made changes to their positions in the business. Simplex Trading LLC purchased a new stake in Monolithic Power Systems in the fourth quarter worth about $102,000. State of Alaska Department of Revenue purchased a new stake in Monolithic Power Systems in the fourth quarter worth about $120,000. Cerebellum GP LLC purchased a new stake in Monolithic Power Systems in the fourth quarter worth about $127,000. Quantbot Technologies LP purchased a new stake in Monolithic Power Systems in the second quarter worth about $121,000. Finally, D.A. Davidson & CO. grew its holdings in Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 93.28% of the company’s stock.
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About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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