Michael Hsing Sells 20,429 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 20,429 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $111.15, for a total transaction of $2,270,683.35. Following the completion of the transaction, the chief executive officer now owns 1,297,572 shares of the company’s stock, valued at $144,225,127.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Michael Hsing also recently made the following trade(s):

  • On Wednesday, February 21st, Michael Hsing sold 53,029 shares of Monolithic Power Systems stock. The shares were sold at an average price of $118.48, for a total transaction of $6,282,875.92.
  • On Monday, February 12th, Michael Hsing sold 96,181 shares of Monolithic Power Systems stock. The shares were sold at an average price of $108.19, for a total transaction of $10,405,822.39.
  • On Monday, February 5th, Michael Hsing sold 17,354 shares of Monolithic Power Systems stock. The stock was sold at an average price of $113.85, for a total transaction of $1,975,752.90.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up $0.86 during trading on Friday, hitting $118.05. The company’s stock had a trading volume of 222,467 shares, compared to its average volume of 381,830. The company has a market cap of $4,900.00, a P/E ratio of 78.70, a P/E/G ratio of 2.48 and a beta of 1.26. Monolithic Power Systems, Inc. has a 1-year low of $87.00 and a 1-year high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 9.42% and a net margin of 9.33%. The business had revenue of $129.43 million during the quarter, compared to the consensus estimate of $126.19 million. During the same period in the previous year, the company posted $0.65 EPS. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. sell-side analysts expect that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current fiscal year.

The business also recently disclosed 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 of this dividend is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.02%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 53.33%.

A number of brokerages have recently issued reports on MPWR. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price target on the stock in a research report on Thursday, November 2nd. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $129.25.

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in shares of Monolithic Power Systems by 3.7% in the 2nd quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock worth $131,351,000 after buying an additional 48,013 shares during the period. Franklin Resources Inc. raised its holdings in Monolithic Power Systems by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 1,306,095 shares of the semiconductor company’s stock worth $146,759,000 after purchasing an additional 74,118 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Monolithic Power Systems by 4.1% in the third quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock valued at $128,958,000 after buying an additional 47,751 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Monolithic Power Systems by 0.4% in the third quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock valued at $105,312,000 after buying an additional 3,973 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Monolithic Power Systems by 103.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 836,929 shares of the semiconductor company’s stock valued at $94,038,000 after buying an additional 426,360 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors.

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Monolithic Power Systems Company Profile

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.

Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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