Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Sells 866 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 27th, Deming Xiao sold 9,259 shares of Monolithic Power Systems stock. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00.
• On Thursday, August 22nd, Deming Xiao sold 10,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $573.38 on Friday. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 64.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The stock’s 50-day moving average is $856.47 and its 200-day moving average is $826.00. Monolithic Power Systems, Inc. has a one year low of $532.86 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Analyst Ratings Changes

MPWR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Raymond James boosted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Loop Capital started coverage on shares of Monolithic Power Systems in a research report on Monday, November 11th. They issued a “hold” rating and a $660.00 price objective for the company. Truist Financial reiterated a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $916.73.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. bought a new position in Monolithic Power Systems in the second quarter valued at $25,000. NBC Securities Inc. grew its position in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems in the second quarter valued at $33,000. Finally, Crewe Advisors LLC grew its position in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.