Michael Hsing Sells 8,000 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00. Following the sale, the chief executive officer now owns 891,232 shares in the company, valued at $589,861,899.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, April 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00.
• On Friday, March 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $726.08, for a total transaction of $5,808,640.00.
• On Thursday, February 8th, Michael Hsing sold 2,790 shares of Monolithic Power Systems stock. The shares were sold at an average price of $680.00, for a total transaction of $1,897,200.00.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $707.22 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $383.19 and a 12-month high of $778.15. The business’s fifty day moving average price is $678.85 and its 200 day moving average price is $615.35. The stock has a market capitalization of $34.41 billion, a PE ratio of 84.29, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.25 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is presently 59.59%.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its position in Monolithic Power Systems by 6.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company’s stock valued at $1,317,000 after purchasing an additional 165 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Monolithic Power Systems by 14.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 5,498 shares of the semiconductor company’s stock valued at $2,540,000 after buying an additional 700 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its stake in Monolithic Power Systems by 3.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 26,856 shares of the semiconductor company’s stock valued at $12,407,000 after buying an additional 939 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Monolithic Power Systems by 1.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company’s stock valued at $7,264,000 after acquiring an additional 174 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in shares of Monolithic Power Systems by 4.4% during the third quarter. Stratos Wealth Partners LTD. now owns 8,635 shares of the semiconductor company’s stock worth $3,989,000 after acquiring an additional 361 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. TD Cowen boosted their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial increased their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer lifted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, KeyCorp upped their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $716.90.

Monolithic Power Systems Company Profile

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.