Monolithic Power Systems (NASDAQ:MPWR) CFO Frank Anthony Balow III Sells 20 Shares of Company Stock

Key Points

• CFO Frank Anthony Balow III sold 20 shares for about $28,686 under a pre-arranged Rule 10b5-1 trading plan, leaving him with 2,921 shares.
• Monolithic Power Systems beat quarterly estimates, reporting EPS of $8.19 versus $7.79 expected and revenue of $1.20 billion; revenue grew 63.1% year over year.
• Analysts’ consensus rating is Buy, with an average price target of $1,783.77. Shares traded at $1,390.54 in the article’s cited session.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) CFO Frank Anthony Balow III sold 20 shares of the company's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $1,434.31, for a total transaction of $28,686.20. Following the transaction, the chief financial officer owned 2,921 shares of the company's stock, valued at $4,189,619.51. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Monolithic Power Systems Stock Performance

Shares of MPWR traded down $56.86 during trading hours on Friday, reaching $1,390.54. The stock had a trading volume of 737,145 shares, compared to its average volume of 765,499. Monolithic Power Systems, Inc. has a 12 month low of $833.18 and a 12 month high of $1,714.09. The stock has a market capitalization of $67.82 billion, a PE ratio of 76.78 and a beta of 1.71. The company's 50-day moving average is $1,281.44 and its two-hundred day moving average is $1,322.81.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.79 by $0.40. Monolithic Power Systems had a return on equity of 25.23% and a net margin of 23.85%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted $4.73 EPS. Monolithic Power Systems's quarterly revenue was up 63.1% compared to the same quarter last year. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.72 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio is currently 44.17%.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. bought a new stake in Monolithic Power Systems in the third quarter valued at approximately $213,000. Advisory Alpha LLC increased its position in Monolithic Power Systems by 9.5% during the 3rd quarter. Advisory Alpha LLC now owns 220 shares of the semiconductor company's stock valued at $296,000 after purchasing an additional 19 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Monolithic Power Systems by 7.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 81,679 shares of the semiconductor company's stock valued at $110,040,000 after purchasing an additional 5,319 shares during the period. Steward Partners Investment Advisory LLC increased its position in Monolithic Power Systems by 6.3% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 9,205 shares of the semiconductor company's stock valued at $12,401,000 after purchasing an additional 542 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Monolithic Power Systems by 9.8% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 45,621 shares of the semiconductor company's stock worth $61,462,000 after purchasing an additional 4,081 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Sunday, October 25th. Needham & Company LLC restated a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, October 30th. Raymond James Financial restated an "outperform" rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. TD Cowen reaffirmed a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, October 30th. Finally, Wells Fargo & Company cut their price target on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an "overweight" rating on the stock in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $1,783.77.

About Monolithic Power Systems

Monolithic Power Systems, Inc. (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems. The company's products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications. MPS sells to customers around the world through direct sales and distribution channels.

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