Maurice Sciammas Sells 380 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Key Points

• EVP Maurice Sciammas sold 380 shares on May 5 at an average price of $1,583.81 for $601,847.80, cutting his stake by 29.25% to 919 shares; this follows earlier insider sales including a large Feb. 6 sale of 22,875 shares for about $26.79 million.
• Monolithic Power Systems reported strong results—EPS $5.10 (beat), revenue $804.19M (up 26.1% y/y)—the stock traded up ~4% to $1,651.86, the quarterly dividend was raised to $2.00, and analysts hold a consensus "Moderate Buy" with a ~$1,599 target.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Maurice Sciammas sold 380 shares of the business's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,583.81, for a total value of $601,847.80. Following the completion of the transaction, the executive vice president directly owned 919 shares of the company's stock, valued at approximately $1,455,521.39. This trade represents a 29.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $47,661.90.
• On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,116.44, for a total value of $33,493.20.
• 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 value of $32,852.10.
• On Wednesday, February 11th, Maurice Sciammas sold 200 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,179.97, for a total value of $235,994.00.
• On Friday, February 6th, Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00.

Monolithic Power Systems Trading Up 4.0%

Monolithic Power Systems stock traded up $63.74 during midday trading on Wednesday, reaching $1,651.86. The company's stock had a trading volume of 494,293 shares, compared to its average volume of 601,607. Monolithic Power Systems, Inc. has a 52 week low of $613.00 and a 52 week high of $1,662.00. The business has a 50-day moving average price of $1,236.23 and a 200-day moving average price of $1,091.50. The stock has a market cap of $81.16 billion, a PE ratio of 119.10, a price-to-earnings-growth ratio of 3.31 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million for the quarter, compared to analysts' expectations of $781.93 million. During the same quarter in the previous year, the business posted $4.04 earnings per share. The business's revenue for the quarter was up 26.1% on a year-over-year basis. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 17.01 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $2.00 dividend. This is a boost 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 0.5%. The ex-dividend date was Tuesday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is presently 57.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Raymond James Financial reiterated an "outperform" rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Zacks Research cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. Needham & Company LLC upped their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a "buy" rating in a report on Friday, May 1st. Finally, William Blair reiterated an "outperform" rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,599.17.

Institutional Trading of Monolithic Power Systems

Institutional investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $34,000. IFP Advisors Inc boosted its holdings in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after buying an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $38,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company's stock worth $41,000 after buying an additional 38 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

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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