Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $137.01, for a total value of $2,055,150.00. Following the transaction, the director now directly owns 527,260 shares in the company, valued at $72,239,892.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
MPWR stock opened at $137.95 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $152.21. The company has a market cap of $5.95 billion, a P/E ratio of 57.72, a PEG ratio of 1.92 and a beta of 1.43.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.31. The business had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.63 million. Monolithic Power Systems had a return on equity of 18.22% and a net margin of 18.08%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Analysts anticipate that Monolithic Power Systems, Inc. will post 2.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. Monolithic Power Systems’s dividend payout ratio is 50.21%.
MPWR has been the topic of a number of research reports. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Zacks Investment Research raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Tuesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target (down from $155.00) on shares of Monolithic Power Systems in a research note on Wednesday, February 13th. Finally, Deutsche Bank upped their price target on Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $148.88.
Several institutional investors have recently modified their holdings of MPWR. Franklin Resources Inc. raised its stake in shares of Monolithic Power Systems by 28.8% in the third quarter. Franklin Resources Inc. now owns 2,184,008 shares of the semiconductor company’s stock worth $274,166,000 after purchasing an additional 488,655 shares during the last quarter. BlackRock Inc. raised its stake in shares of Monolithic Power Systems by 10.8% in the third quarter. BlackRock Inc. now owns 4,198,262 shares of the semiconductor company’s stock worth $527,006,000 after purchasing an additional 408,839 shares during the last quarter. Norges Bank purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $43,585,000. Vanguard Group Inc raised its stake in shares of Monolithic Power Systems by 6.2% in the third quarter. Vanguard Group Inc now owns 3,553,528 shares of the semiconductor company’s stock worth $446,074,000 after purchasing an additional 208,362 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 6.2% in the third quarter. Vanguard Group Inc. now owns 3,553,528 shares of the semiconductor company’s stock worth $446,074,000 after purchasing an additional 208,362 shares during the last quarter. 99.50% of the stock is owned by hedge funds and other institutional investors.
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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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