Michael Hsing Sells 7,957 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 7,957 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $181.07, for a total value of $1,440,773.99. Following the transaction, the chief executive officer now owns 1,223,080 shares in the company, valued at $221,463,095.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Hsing also recently made the following trade(s):

  • On Thursday, February 6th, Michael Hsing sold 70,886 shares of Monolithic Power Systems stock. The stock was sold at an average price of $183.75, for a total transaction of $13,025,302.50.
  • On Monday, February 3rd, Michael Hsing sold 9,561 shares of Monolithic Power Systems stock. The shares were sold at an average price of $173.89, for a total transaction of $1,662,562.29.
  • On Tuesday, January 7th, Michael Hsing sold 65,813 shares of Monolithic Power Systems stock. The shares were sold at an average price of $176.99, for a total transaction of $11,648,242.87.

Shares of MPWR opened at $191.19 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $114.84 and a 12 month high of $193.10. The stock has a fifty day moving average price of $179.85 and a 200 day moving average price of $162.16. The company has a market cap of $8.31 billion, a P/E ratio of 80.67, a PEG ratio of 2.35 and a beta of 1.62.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, February 5th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Monolithic Power Systems had a return on equity of 15.07% and a net margin of 17.33%. The company had revenue of $166.74 million for the quarter, compared to analysts’ expectations of $163.09 million. During the same period last year, the business posted $0.99 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Monolithic Power Systems, Inc. will post 3.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, March 30th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.40. Monolithic Power Systems’s dividend payout ratio (DPR) is 63.24%.

Large investors have recently modified their holdings of the stock. Squar Milner Financial Services LLC grew its position in Monolithic Power Systems by 351.2% in the 3rd quarter. Squar Milner Financial Services LLC now owns 185 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 144 shares during the last quarter. Evoke Wealth LLC bought a new stake in shares of Monolithic Power Systems during the third quarter valued at approximately $48,000. Meeder Asset Management Inc. raised its holdings in shares of Monolithic Power Systems by 558.7% during the fourth quarter. Meeder Asset Management Inc. now owns 303 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 257 shares during the last quarter. Sowell Financial Services LLC boosted its position in shares of Monolithic Power Systems by 938.9% during the fourth quarter. Sowell Financial Services LLC now owns 374 shares of the semiconductor company’s stock worth $67,000 after buying an additional 338 shares during the period. Finally, First Bank & Trust boosted its position in shares of Monolithic Power Systems by 369.4% during the fourth quarter. First Bank & Trust now owns 399 shares of the semiconductor company’s stock worth $71,000 after buying an additional 314 shares during the period. Hedge funds and other institutional investors own 96.77% of the company’s stock.

MPWR has been the topic of a number of recent research reports. Cowen raised their price target on shares of Monolithic Power Systems from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Raymond James lifted their price target on shares of Monolithic Power Systems from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Loop Capital reaffirmed a “buy” rating and set a $210.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th. Finally, Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $194.38.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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