Maurice Sciammas Sells 30 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maurice Sciammas also recently made the following trade(s):

• On Wednesday, July 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,351.61, for a total transaction of $40,548.30.
• On Monday, June 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,533.95, for a total transaction of $46,018.50.
• On Friday, May 15th, Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,359.08 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $785.00 and a 52-week high of $1,714.09. The firm has a 50 day moving average price of $1,418.14 and a two-hundred day moving average price of $1,326.40. The stock has a market cap of $66.77 billion, a P/E ratio of 83.33 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.21 earnings per share. Analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 49.05%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Merit Financial Group LLC increased its stake in Monolithic Power Systems by 183.9% in the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after purchasing an additional 1,786 shares during the period. Fideuram Asset Management Ireland dac purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $3,983,000. Mirabaud Asset Management Ltd bought a new position in shares of Monolithic Power Systems in the fourth quarter worth approximately $4,424,000. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Monolithic Power Systems by 45.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock worth $2,219,000 after purchasing an additional 770 shares during the last quarter. Finally, Greenup Street Wealth Management LLC increased its stake in shares of Monolithic Power Systems by 92.5% in the fourth quarter. Greenup Street Wealth Management LLC now owns 4,769 shares of the semiconductor company’s stock worth $4,323,000 after buying an additional 2,292 shares during the period. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MPWR shares. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. KeyCorp upped their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, TD Cowen raised their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,705.82.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.