Monolithic Power Systems (NASDAQ:MPWR) Stock: Insider Frank Anthony Balow III Sells 20 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Frank Anthony Balow III sold 20 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $1,434.31, for a total transaction of $28,686.20. Following the transaction, the chief financial officer owned 2,921 shares of the company’s stock, valued at approximately $4,189,619.51. This represents a 0.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Monolithic Power Systems Trading Down 3.9%

MPWR traded down $56.86 during trading on Friday, hitting $1,390.54. 737,145 shares of the company traded hands, compared to its average volume of 1,127,662. The company has a market cap of $67.82 billion, a PE ratio of 76.78 and a beta of 1.71. The stock’s 50-day simple moving average is $1,284.98 and its two-hundred day simple moving average is $1,324.28. Monolithic Power Systems, Inc. has a 1 year low of $833.18 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $8.19 EPS for the quarter, topping the consensus estimate of $7.79 by $0.40. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company earned $4.73 EPS. The business’s quarterly revenue was up 63.1% compared to the same quarter last year. Equities analysts expect that Monolithic Power Systems, Inc. will post 23.72 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Monolithic Power Systems’s payout ratio is 44.17%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MPWR shares. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Needham & Company LLC restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 30th. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. Wells Fargo & Company decreased their price objective on Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. Finally, Rosenblatt Securities upgraded Monolithic Power Systems from a “neutral” rating to a “buy” rating and increased their target price for the company from $1,575.00 to $1,700.00 in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $1,783.77.

Institutional Trading of Monolithic Power Systems

Several hedge funds have recently made changes to their positions in MPWR. BlackRock Inc. bought a new stake in Monolithic Power Systems during the second quarter worth approximately $7,727,289,000. State Street Corp lifted its stake in shares of Monolithic Power Systems by 4.3% in the 2nd quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock valued at $3,159,219,000 after purchasing an additional 93,732 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Monolithic Power Systems by 42.3% in the 2nd quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock valued at $1,031,568,000 after purchasing an additional 221,666 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $741,271,000. Finally, Royal Bank of Canada boosted its holdings in shares of Monolithic Power Systems by 168.1% in the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after purchasing an additional 296,788 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc. (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems. The company’s products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications. MPS sells to customers around the world through direct sales and distribution channels.