Michael Hsing Sells 2,672 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 2,672 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the transaction, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 3rd, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $731.08, for a total transaction of $5,848,640.00.
• On Wednesday, May 8th, Michael Hsing sold 2,824 shares of Monolithic Power Systems stock. The shares were sold at an average price of $690.00, for a total transaction of $1,948,560.00.
• On Wednesday, May 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00.

Monolithic Power Systems Trading Up 0.2 %

Shares of NASDAQ:MPWR traded up $1.95 during midday trading on Tuesday, hitting $821.35. The stock had a trading volume of 74,708 shares, compared to its average volume of 519,303. The stock has a 50 day moving average price of $749.99 and a two-hundred day moving average price of $691.10. The company has a market capitalization of $39.98 billion, a PE ratio of 97.66, a P/E/G ratio of 4.11 and a beta of 1.11. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $457.89 million during the quarter, compared to analyst estimates of $447.76 million. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.61%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MPWR shares. KeyCorp raised their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Truist Financial raised their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Oppenheimer lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $766.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MPWR. RiverPark Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $27,000. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the first quarter worth approximately $31,000. Arlington Trust Co LLC boosted its holdings in shares of Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 23 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 15 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.