Monolithic Power Systems (NASDAQ:MPWR) Director Kuo Wei Herbert Chang Sells 50 Shares of Stock

Key Points

• Director Kuo Wei Herbert Chang sold 50 MPWR shares at an average price of $1,420, generating $71,000 and reducing his holdings by 8.13% to 565 shares.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 versus the $5.87 consensus and revenue of $980.64 million, up 47.6% year over year.
• Shares recently traded at $1,362.55, while analysts maintained a generally positive outlook: the stock has a “Moderate Buy” consensus rating and an average price target of $1,705.82.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Kuo Wei Herbert Chang sold 50 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the transaction, the director owned 565 shares of the company's stock, valued at $802,300. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Monolithic Power Systems Price Performance

Shares of MPWR traded down $62.46 during trading hours on Thursday, reaching $1,362.55. 506,185 shares of the company's stock traded hands, compared to its average volume of 742,232. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The business's fifty day simple moving average is $1,401.86 and its two-hundred day simple moving average is $1,336.19. The firm has a market capitalization of $66.96 billion, a price-to-earnings ratio of 83.54 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.87 by $0.63. The firm 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%. Monolithic Power Systems's revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.21 EPS. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is 49.05%.

Analysts Set New Price Targets

Several brokerages recently commented on MPWR. Rosenblatt Securities reissued a "neutral" rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a report on Friday, July 31st. Citigroup reaffirmed a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a research report on Wednesday. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,705.82.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently made changes to their positions in the company. Danske Bank A S acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at $36,000. IFP Advisors Inc grew its stake in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd increased its holdings in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 9 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 28 shares in the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

About Monolithic Power Systems

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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