Michael Hsing Sells 2,790 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $2,171,708.10. Following the sale, the chief executive officer now owns 865,332 shares in the company, valued at approximately $673,565,775.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, July 22nd, Michael Hsing sold 9,614 shares of Monolithic Power Systems stock. The shares were sold at an average price of $831.58, for a total transaction of $7,994,810.12.
• On Monday, July 1st, Michael Hsing sold 2,672 shares of Monolithic Power Systems stock. The stock was sold at an average price of $804.57, for a total transaction of $2,149,811.04.
• On Monday, June 3rd, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $731.08, for a total transaction of $5,848,640.00.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded down $3.95 during midday trading on Monday, hitting $819.05. 156,954 shares of the company’s stock were exchanged, compared to its average volume of 536,491. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $891.67. The stock’s 50 day moving average price is $815.28 and its 200-day moving average price is $734.36. The firm has a market cap of $39.87 billion, a P/E ratio of 98.42, a PEG ratio of 3.92 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MPWR. KeyCorp lifted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Oppenheimer boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Truist Financial upped their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $882.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $25,000. RiverPark Advisors LLC acquired a new position in Monolithic Power Systems in the first quarter valued at about $27,000. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems during the second quarter worth about $33,000. Crewe Advisors LLC grew its position in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at 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.