Victor Lee Sells 1,000 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor Lee sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the completion of the sale, the director owned 28,567 shares of the company’s stock, valued at approximately $27,187,785.24. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Monolithic Power Systems Stock Down 1.4%

NASDAQ:MPWR traded down $13.11 during mid-day trading on Monday, hitting $933.21. 47,378 shares of the stock traded hands, compared to its average volume of 741,419. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The stock has a market capitalization of $44.71 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.20 and a beta of 1.47. The firm’s 50 day moving average is $963.45 and its two-hundred day moving average is $868.94.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. During the same quarter last year, the firm earned $4.06 earnings per share. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. The ex-dividend date is Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently made changes to their positions in the stock. BLB&B Advisors LLC raised its position in Monolithic Power Systems by 9.1% in the 2nd quarter. BLB&B Advisors LLC now owns 9,205 shares of the semiconductor company’s stock valued at $6,732,000 after purchasing an additional 768 shares in the last quarter. AXA S.A. increased its stake in shares of Monolithic Power Systems by 47.8% during the second quarter. AXA S.A. now owns 104,584 shares of the semiconductor company’s stock worth $76,491,000 after buying an additional 33,834 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Monolithic Power Systems by 35.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,002 shares of the semiconductor company’s stock valued at $6,585,000 after acquiring an additional 2,379 shares in the last quarter. Summit Place Financial Advisors LLC acquired a new stake in Monolithic Power Systems in the second quarter valued at approximately $1,027,000. Finally, Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 0.3% in the second quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock worth $4,344,358,000 after acquiring an additional 19,277 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MPWR. KeyCorp lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. TD Cowen upped their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,074.58.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.