Michael Hsing Sells 2,672 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 2,672 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $804.57, for a total value of $2,149,811.04. Following the sale, the chief executive officer now owns 877,736 shares of the company’s stock, valued at $706,200,053.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, June 3rd, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $731.08, for a total transaction of $5,848,640.00.
• On Wednesday, May 8th, Michael Hsing sold 2,824 shares of Monolithic Power Systems stock. The stock was sold at an average price of $690.00, for a total transaction of $1,948,560.00.
• On Wednesday, May 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00.

Monolithic Power Systems Trading Up 1.3 %

NASDAQ:MPWR opened at $839.22 on Friday. The stock’s 50-day moving average is $761.85 and its 200-day moving average is $694.52. The stock has a market cap of $40.85 billion, a P/E ratio of 100.03, a price-to-earnings-growth ratio of 4.14 and a beta of 1.11. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. The firm had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent analyst reports. Truist Financial upped their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. KeyCorp upped their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Oppenheimer upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $766.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Monolithic Power Systems by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after acquiring an additional 55,874 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Monolithic Power Systems by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after purchasing an additional 43,191 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Monolithic Power Systems by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock valued at $666,219,000 after purchasing an additional 3,105 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Monolithic Power Systems by 4.4% during the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock worth $648,736,000 after buying an additional 43,225 shares during the period. Finally, Wellington Management Group LLP raised its stake in Monolithic Power Systems by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after buying an additional 85,676 shares during the last quarter. 93.46% of the stock is 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.