Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Sells $1,100,124.80 in Stock
Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Maurice Sciammas sold 10,828 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $101.60, for a total value of $1,100,124.80. Following the transaction, the vice president now directly owns 374,994 shares of the company’s stock, valued at $38,099,390.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up 0.63% during mid-day trading on Friday, hitting $101.10. The stock had a trading volume of 158,673 shares. Monolithic Power Systems, Inc. has a 12-month low of $71.60 and a 12-month high of $107.87. The firm has a market cap of $4.18 billion, a PE ratio of 71.30 and a beta of 1.23. The company has a 50-day moving average of $100.75 and a 200-day moving average of $94.57.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. During the same quarter last year, the company posted $0.54 earnings per share. Monolithic Power Systems’s revenue was up 19.3% on a year-over-year basis. Analysts expect that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.20 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.79%. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.
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Several research firms recently commented on MPWR. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target (up from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 price target on Monolithic Power Systems and gave the stock a “buy” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems presently has an average rating of “Buy” and a consensus target price of $112.29.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock worth $385,591,000 after buying an additional 4,170,068 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Monolithic Power Systems by 98.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock worth $112,070,000 after buying an additional 577,248 shares during the period. Franklin Resources Inc. boosted its stake in Monolithic Power Systems by 166.3% in the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock worth $77,086,000 after buying an additional 499,387 shares during the period. Harbour Capital Advisors LLC boosted its stake in Monolithic Power Systems by 14,285.8% in the second quarter. Harbour Capital Advisors LLC now owns 467,540 shares of the semiconductor company’s stock worth $4,850,000 after buying an additional 464,290 shares during the period. Finally, Norges Bank acquired a new stake in Monolithic Power Systems during the fourth quarter worth $21,332,000. 92.73% of the stock is currently owned by institutional investors.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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