Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Jeff Zhou Sells 200 Shares

Key Points

• Director Jeff Zhou of Monolithic Power Systems sold 200 shares of the company's stock for a total of $166,000, reducing his position by 3.12% and leaving him with 6,204 shares valued around $5.15 million.
• The company's latest earnings report showed a 31% increase in revenue year-over-year, with $4.21 earnings per share beating analysts' expectations.
• Monolithic Power Systems recently announced a quarterly dividend of $1.56, contributing to an annualized yield of 0.7% and a dividend payout ratio of 16.25%.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Jeff Zhou sold 200 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $830.00, for a total transaction of $166,000.00. Following the completion of the sale, the director owned 6,204 shares in the company, valued at $5,149,320. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jeff Zhou also recently made the following trade(s):

• On Wednesday, August 13th, Jeff Zhou sold 400 shares of Monolithic Power Systems stock. The shares were sold at an average price of $850.00, for a total value of $340,000.00.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock traded up $13.77 during midday trading on Monday, reaching $840.24. 98,025 shares of the company's stock traded hands, compared to its average volume of 806,859. The stock has a 50 day moving average of $744.11 and a 200-day moving average of $663.44. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The company has a market cap of $40.24 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 3.08 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The firm had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. During the same period last year, the company earned $3.17 earnings per share. The company's revenue was up 31.0% on a year-over-year basis. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.25%.

Analysts Set New Price Targets

Several brokerages recently commented on MPWR. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. William Blair raised shares of Monolithic Power Systems to a "strong-buy" rating in a research report on Wednesday, August 13th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Loop Capital raised their price target on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average target price of $838.09.

Institutional Investors Weigh In On Monolithic Power Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Monolithic Power Systems by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company's stock worth $4,344,358,000 after purchasing an additional 19,277 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Monolithic Power Systems by 33.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company's stock worth $1,180,104,000 after purchasing an additional 506,430 shares during the last quarter. Invesco Ltd. lifted its position in Monolithic Power Systems by 7.5% during the first quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company's stock valued at $724,589,000 after acquiring an additional 86,853 shares during the last quarter. Brown Advisory Inc. increased its position in Monolithic Power Systems by 0.5% during the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after buying an additional 5,274 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Monolithic Power Systems by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company's stock valued at $626,592,000 after purchasing an additional 227,159 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.