Insider Selling: Monolithic Power Systems, Inc. (MPWR) CEO Sells 96,181 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 96,181 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $108.19, for a total value of $10,405,822.39. Following the completion of the transaction, the chief executive officer now owns 1,318,001 shares of the company’s stock, valued at approximately $142,594,528.19. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Monday, February 5th, Michael Hsing sold 17,354 shares of Monolithic Power Systems stock. The shares were sold at an average price of $113.85, for a total value of $1,975,752.90.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up $0.06 during trading on Tuesday, reaching $109.97. The company had a trading volume of 409,019 shares, compared to its average volume of 356,111. Monolithic Power Systems, Inc. has a fifty-two week low of $84.45 and a fifty-two week high of $126.80. The company has a market capitalization of $4,580.87, a PE ratio of 73.77, a P/E/G ratio of 2.38 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The business had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. During the same quarter last year, the company posted $0.65 earnings per share. Monolithic Power Systems’s quarterly revenue was up 24.9% on a year-over-year basis. research analysts expect that Monolithic Power Systems, Inc. will post 2.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 1.09%. Monolithic Power Systems’s dividend payout ratio (DPR) is 53.69%.

Several equities analysts have recently weighed in on MPWR shares. Oppenheimer raised their price objective on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Deutsche Bank raised their price objective on Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $129.25.

A number of hedge funds have recently modified their holdings of MPWR. JPMorgan Chase & Co. raised its position in shares of Monolithic Power Systems by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 349,139 shares of the semiconductor company’s stock valued at $37,159,000 after buying an additional 28,997 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Monolithic Power Systems by 4.1% in the third quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock valued at $128,958,000 after acquiring an additional 47,751 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Monolithic Power Systems by 0.8% during the third quarter. Neuberger Berman Group LLC now owns 318,008 shares of the semiconductor company’s stock worth $33,884,000 after buying an additional 2,373 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Monolithic Power Systems by 85.5% during the second quarter. Janus Henderson Group PLC now owns 147,743 shares of the semiconductor company’s stock worth $14,243,000 after buying an additional 68,089 shares during the last quarter. Finally, Cim LLC grew its stake in shares of Monolithic Power Systems by 79.3% during the third quarter. Cim LLC now owns 9,044 shares of the semiconductor company’s stock worth $964,000 after buying an additional 4,001 shares during the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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