Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $47,661.90 in Stock

Key Points

• Monolithic Power Systems EVP Maurice Sciammas sold 30 shares on May 4 at $1,588.73 each for a total of $47,661.90 under a pre‑arranged Rule 10b5‑1 plan, leaving him with 1,209 shares (a 2.42% reduction in his position).
• Sciammas has executed multiple recent sales, most notably disposing of 22,875 shares on Feb. 6 for roughly $26.79 million, highlighting significant insider selling this year.
• The company posted a quarterly beat (EPS $5.10 vs. $4.90; revenue $804.2M, up 26.1% YoY), raised its quarterly dividend to $2.00 ($8.00 annual), and retains broad analyst support with a consensus target near $1,599.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Maurice Sciammas sold 30 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $1,588.73, for a total value of $47,661.90. Following the completion of the transaction, the executive vice president owned 1,209 shares in the company, valued at approximately $1,920,774.57. This trade represents a 2.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,583.81, for a total value of $601,847.80.
• On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $63.74 during trading on Wednesday, hitting $1,651.86. The company's stock had a trading volume of 494,293 shares, compared to its average volume of 601,607. The stock's 50-day moving average price is $1,236.23 and its two-hundred day moving average price is $1,091.50. Monolithic Power Systems, Inc. has a fifty-two week low of $613.00 and a fifty-two week high of $1,662.00. The company has a market capitalization of $81.16 billion, a PE ratio of 119.10, a PEG ratio of 3.31 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the firm posted $4.04 earnings per share. Monolithic Power Systems's revenue for the quarter was up 26.1% compared to the same quarter last year. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 17.01 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $2.00 per share. The ex-dividend date was Tuesday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.5%. Monolithic Power Systems's payout ratio is currently 57.68%.

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC grew its holdings in shares of Monolithic Power Systems by 23.1% during the first quarter. Catalyst Capital Advisors LLC now owns 2,215 shares of the semiconductor company's stock valued at $2,422,000 after purchasing an additional 415 shares during the last quarter. Forty three Eighteen Advisors LLC grew its holdings in Monolithic Power Systems by 4.6% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 1,499 shares of the semiconductor company's stock worth $1,639,000 after buying an additional 66 shares in the last quarter. Gallacher Capital Management LLC bought a new position in Monolithic Power Systems in the 1st quarter worth approximately $290,000. Angeles Wealth Management LLC bought a new position in Monolithic Power Systems in the 1st quarter worth approximately $283,000. Finally, Bauman Advisory Group LLC bought a new position in Monolithic Power Systems in the 1st quarter worth approximately $412,000. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MPWR shares. William Blair restated an "outperform" rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Citigroup reaffirmed a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. KeyCorp upped their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Finally, TD Cowen upped their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a "buy" rating in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,599.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.