Maurice Sciammas Sells 7,000 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Monolithic Power Systems Trading Up 0.1 %

Shares of MPWR opened at $699.46 on Thursday. The stock has a market capitalization of $34.12 billion, a PE ratio of 19.02, a P/E/G ratio of 2.53 and a beta of 1.03. The firm’s 50 day moving average is $625.79 and its 200-day moving average is $752.19. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.89%. Monolithic Power Systems’s dividend payout ratio is currently 13.60%.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently bought and sold shares of the company. DF Dent & Co. Inc. lifted its holdings in shares of Monolithic Power Systems by 86.8% during the 4th quarter. DF Dent & Co. Inc. now owns 155,539 shares of the semiconductor company’s stock worth $92,032,000 after acquiring an additional 72,295 shares during the period. Motley Fool Asset Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth $641,000. World Investment Advisors boosted its holdings in shares of Monolithic Power Systems by 370.2% in the 4th quarter. World Investment Advisors now owns 3,865 shares of the semiconductor company’s stock valued at $2,287,000 after purchasing an additional 3,043 shares in the last quarter. Westpac Banking Corp bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at $266,000. Finally, Nicolet Advisory Services LLC raised its holdings in shares of Monolithic Power Systems by 6.7% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,040 shares of the semiconductor company’s stock worth $615,000 after buying an additional 65 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer cut their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company raised their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. TD Cowen decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Finally, KeyCorp increased their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $866.17.

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.