Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Sells $31,199,220.00 in Stock

Key Points

• Deming Xiao, EVP of Monolithic Power Systems, sold 39,999 shares for approximately $31.2 million, resulting in a 24.75% decrease in his ownership position.
• Monolithic Power Systems reported earnings of $4.21 per share for the last quarter, beating estimates and showing a 31% year-over-year revenue increase.
• The company declared a quarterly dividend of $1.56 per share, reflecting an annualized yield of 0.8% with a low dividend payout ratio of 16.25%.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Deming Xiao sold 39,999 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the sale, the executive vice president directly owned 121,605 shares of the company's stock, valued at approximately $94,851,900. The trade was a 24.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Monolithic Power Systems Stock Up 5.7%

MPWR traded up $45.01 during midday trading on Monday, hitting $830.63. The company had a trading volume of 1,360,386 shares, compared to its average volume of 580,987. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The company has a market capitalization of $39.77 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.12 and a beta of 1.18. The stock's 50 day moving average price is $718.72 and its 200 day moving average price is $652.39.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted 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. The firm had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The business's revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.17 earnings per share. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.25%.

Analyst Ratings Changes

A number of analysts have commented on the stock. KeyCorp lifted their target price on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a report on Friday. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a report on Friday. TD Cowen increased their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Stifel Nicolaus raised 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus price target of $838.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. WPG Advisers LLC bought a new stake in Monolithic Power Systems in the first quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems in the fourth quarter worth about $29,000. SouthState Corp bought a new stake in Monolithic Power Systems in the first quarter worth about $33,000. Itau Unibanco Holding S.A. raised its position in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 51 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Monolithic Power Systems in the second quarter worth about $36,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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