Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $40,548.30 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total value of $40,548.30. Following the sale, the executive vice president directly owned 1,149 shares of the company’s stock, valued at $1,552,999.89. This represents a 2.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Monday, June 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50.
• On Friday, May 15th, Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00.
• On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,588.73, for a total transaction of $47,661.90.
• On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,583.81, for a total transaction of $601,847.80.

Monolithic Power Systems Stock Up 3.4%

Shares of NASDAQ MPWR opened at $1,315.51 on Thursday. The firm has a market cap of $64.63 billion, a PE ratio of 94.85, a P/E/G ratio of 2.28 and a beta of 1.71. Monolithic Power Systems, Inc. has a 12-month low of $686.87 and a 12-month high of $1,714.09. The company’s fifty day simple moving average is $1,520.10 and its 200 day simple moving average is $1,269.29.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period in the previous year, the firm posted $4.04 earnings per share. The business’s revenue was up 26.1% compared to the same quarter last year. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 57.68%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MPWR shares. KeyCorp increased their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Rosenblatt Securities upped their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. TD Cowen increased their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Hedge Funds Weigh In On Monolithic Power Systems

Large investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its stake in Monolithic Power Systems by 11.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 4,348 shares of the semiconductor company’s stock valued at $6,011,000 after purchasing an additional 434 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Monolithic Power Systems by 14.2% in the second quarter. Valeo Financial Advisors LLC now owns 603 shares of the semiconductor company’s stock worth $834,000 after purchasing an additional 75 shares during the last quarter. Czech National Bank raised its stake in shares of Monolithic Power Systems by 5.4% in the second quarter. Czech National Bank now owns 13,984 shares of the semiconductor company’s stock worth $19,331,000 after purchasing an additional 718 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of Monolithic Power Systems by 10.8% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 8,820 shares of the semiconductor company’s stock valued at $12,192,000 after purchasing an additional 860 shares in the last quarter. Finally, 55 North Private Wealth LLC bought a new position in shares of Monolithic Power Systems in the second quarter valued at approximately $238,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

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.