Deming Xiao Sells 866 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao sold 866 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Deming Xiao also recently made the following trade(s):

• On Tuesday, August 27th, Deming Xiao sold 9,259 shares of Monolithic Power Systems stock. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00.
• On Thursday, August 22nd, Deming Xiao sold 10,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $576.79 on Friday. The firm has a market cap of $28.14 billion, a price-to-earnings ratio of 65.03, a P/E/G ratio of 3.07 and a beta of 1.15. Monolithic Power Systems, Inc. has a 52 week low of $532.86 and a 52 week high of $959.64. The firm’s 50-day simple moving average is $866.42 and its two-hundred day simple moving average is $828.49.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. Monolithic Power Systems’s payout ratio is 56.37%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research reports. KeyCorp raised their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $950.00 price objective on shares of Monolithic Power Systems in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $916.73.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently modified their holdings of the business. Assetmark Inc. grew its stake in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after acquiring an additional 1,082 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Monolithic Power Systems by 19.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after acquiring an additional 9,125 shares in the last quarter. Cetera Investment Advisers grew its stake in Monolithic Power Systems by 237.3% during the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after acquiring an additional 4,760 shares in the last quarter. Czech National Bank grew its stake in Monolithic Power Systems by 9.8% during the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock valued at $7,620,000 after acquiring an additional 824 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Monolithic Power Systems by 224.4% during the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 1,057 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.