Monolithic Power Systems (NASDAQ:MPWR) Director Sells 50 Shares of Stock

Key Points

• Director sale: Kuo Wei Herbert Chang sold 50 MPWR shares for approximately $64,079, reducing his direct ownership by 8.85% to 515 shares. This follows another 50-share sale earlier in August.
• Strong quarterly performance: Monolithic Power Systems reported quarterly EPS of $6.50, beating estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million.
• Positive analyst sentiment: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $1,731.42 versus the stock’s recent price of $1,304.15.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Kuo Wei Herbert Chang sold 50 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kuo Wei Herbert Chang also recently made the following trade(s):

• On Tuesday, August 11th, Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00.

Monolithic Power Systems Trading Up 1.5%

Monolithic Power Systems stock traded up $19.12 during trading on Tuesday, reaching $1,304.15. The company had a trading volume of 359,518 shares, compared to its average volume of 829,251. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09. The firm has a market capitalization of $64.09 billion, a price-to-earnings ratio of 79.96 and a beta of 1.69. The firm's 50-day simple moving average is $1,362.15 and its 200 day simple moving average is $1,349.28.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm's quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.21 EPS. On average, analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio is currently 49.05%.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently made changes to their positions in MPWR. California State Teachers Retirement System grew its stake in Monolithic Power Systems by 132,513.9% during the 2nd quarter. California State Teachers Retirement System now owns 95,963,431 shares of the semiconductor company's stock valued at $132,656,008,000 after purchasing an additional 95,891,068 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in Monolithic Power Systems by 773.4% in the second quarter. Ameritas Advisory Services LLC now owns 1,677 shares of the semiconductor company's stock valued at $2,318,000 after buying an additional 1,485 shares in the last quarter. Wedmont Private Capital raised its holdings in Monolithic Power Systems by 1.1% in the 2nd quarter. Wedmont Private Capital now owns 1,194 shares of the semiconductor company's stock worth $1,615,000 after purchasing an additional 13 shares during the period. Saudi Central Bank lifted its position in shares of Monolithic Power Systems by 84.7% during the 2nd quarter. Saudi Central Bank now owns 3,266 shares of the semiconductor company's stock valued at $4,515,000 after buying an additional 1,498 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC purchased a new position in Monolithic Power Systems during the second quarter valued at $271,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on MPWR shares. Weiss Ratings upgraded shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 17th. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research report on Friday, July 31st. TD Cowen raised their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Finally, Truist Financial boosted their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,731.42.

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.

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