Monolithic Power Systems, Inc. (MPWR) CEO Michael Hsing Sells 20,429 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 20,429 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 1,297,572 shares in the company, valued at approximately $144,225,127.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • 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 shares were sold at an average price of $113.85, for a total transaction of $1,975,752.90.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up $0.83 during trading on Friday, reaching $117.00. 411,706 shares of the company’s stock were exchanged, compared to its average volume of 361,655. The company has a market cap of $4,890.00, a price-to-earnings ratio of 78.00, a PEG ratio of 2.44 and a beta of 1.26. Monolithic Power Systems, Inc. has a 1-year low of $85.02 and a 1-year 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, topping analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. analysts anticipate that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio (DPR) is 53.33%.

Several equities analysts recently commented on MPWR shares. Deutsche Bank increased their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a report on Friday, October 27th. Oppenheimer increased their target price on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, KeyCorp reaffirmed a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $129.25.

A number of institutional investors have recently made changes to their positions in MPWR. Royal Bank of Canada grew its holdings in Monolithic Power Systems by 97.4% in the 2nd quarter. Royal Bank of Canada now owns 9,833 shares of the semiconductor company’s stock worth $949,000 after acquiring an additional 4,852 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Monolithic Power Systems by 85.5% in the 2nd quarter. Janus Henderson Group PLC now owns 147,743 shares of the semiconductor company’s stock worth $14,243,000 after acquiring an additional 68,089 shares during the last quarter. State Street Corp grew its holdings in 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 acquiring an additional 48,013 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Monolithic Power Systems by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,251 shares of the semiconductor company’s stock worth $8,218,000 after acquiring an additional 1,782 shares during the last quarter. Finally, 1st Global Advisors Inc. bought a new stake in Monolithic Power Systems in the 2nd quarter worth $209,000. 92.25% of the stock is currently owned by institutional investors and hedge funds.

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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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