Monolithic Power Systems (NASDAQ:MPWR) Director Kuo Wei Herbert Chang Sells 50 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,362.55 on Friday. The stock has a market capitalization of $66.96 billion, a P/E ratio of 83.54 and a beta of 1.69. The company’s fifty day moving average is $1,396.06 and its two-hundred day moving average is $1,338.29. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same period in the previous year, the business posted $4.21 earnings per share. The business’s revenue was up 47.6% compared to the same quarter last year. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Analysts Set New Price Targets

Several equities research analysts have commented on MPWR shares. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. TD Cowen boosted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Truist Financial upped their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $1,705.82.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 200 shares in the last quarter. Empowered Funds LLC raised its stake in Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after purchasing an additional 314 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Monolithic Power Systems by 35.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after purchasing an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $347,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

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.