Maurice Sciammas Sells 30 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $1,116.44, for a total value of $33,493.20. Following the sale, the executive vice president directly owned 1,239 shares of the company’s stock, valued at $1,383,269.16. This represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maurice Sciammas also recently made the following trade(s):

• On Friday, March 20th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,095.07, for a total transaction of $32,852.10.
• On Wednesday, February 11th, Maurice Sciammas sold 200 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,179.97, for a total transaction of $235,994.00.
• On Friday, February 6th, Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00.

Monolithic Power Systems Price Performance

NASDAQ MPWR remained flat at $1,118.49 during trading on Friday. 344,035 shares of the company’s stock were exchanged, compared to its average volume of 555,200. The company has a 50 day moving average of $1,122.31 and a 200 day moving average of $1,015.33. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,256.22. The stock has a market cap of $54.94 billion, a price-to-earnings ratio of 87.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.48.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same period in the previous year, the company posted $4.09 earnings per share. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 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 Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 62.79%.

Wall Street Analyst Weigh In

Several brokerages have commented on MPWR. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Citigroup raised their price target on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, KeyCorp increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its position in shares of Monolithic Power Systems by 43.1% during the fourth quarter. Hsbc Holdings PLC now owns 200,626 shares of the semiconductor company’s stock worth $182,310,000 after acquiring an additional 60,414 shares during the last quarter. Stance Capital LLC bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $1,283,000. Forty three Eighteen Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $1,299,000. Rockefeller Capital Management L.P. boosted its stake in shares of Monolithic Power Systems by 20.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,789 shares of the semiconductor company’s stock valued at $2,529,000 after purchasing an additional 470 shares during the last quarter. Finally, Worthington Financial Partners LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at $1,724,000. 93.46% of the stock is owned by institutional investors.

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.