Saria Tseng Sells 29,497 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Saria Tseng sold 29,497 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $108.19, for a total value of $3,191,280.43. Following the sale, the vice president now directly owns 331,932 shares in the company, valued at $35,911,723.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Saria Tseng also recently made the following trade(s):

  • On Monday, February 5th, Saria Tseng sold 4,057 shares of Monolithic Power Systems stock. The stock was sold at an average price of $113.85, for a total value of $461,889.45.
  • On Tuesday, November 21st, Saria Tseng sold 4,998 shares of Monolithic Power Systems stock. The stock was sold at an average price of $125.62, for a total value of $627,848.76.

Shares of Monolithic Power Systems, Inc. (MPWR) traded up $0.06 during mid-day trading on Tuesday, hitting $109.97. The stock had a trading volume of 409,019 shares, compared to its average volume of 356,111. Monolithic Power Systems, Inc. has a twelve month low of $84.45 and a twelve month high of $126.80. The stock has a market capitalization of $4,580.87, a P/E ratio of 73.77, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $126.19 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 24.9% compared to the same quarter last year. sell-side analysts forecast that Monolithic Power Systems, Inc. will post 2.57 EPS for the current fiscal year.

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

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 28,997 shares in the last quarter. Frontier Capital Management Co. LLC grew 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 purchasing an additional 47,751 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Monolithic Power Systems by 0.8% in the third quarter. Neuberger Berman Group LLC now owns 318,008 shares of the semiconductor company’s stock valued at $33,884,000 after purchasing an additional 2,373 shares in the last quarter. Janus Henderson Group PLC grew its stake in Monolithic Power Systems by 85.5% in the second quarter. Janus Henderson Group PLC now owns 147,743 shares of the semiconductor company’s stock valued at $14,243,000 after purchasing an additional 68,089 shares in the last quarter. Finally, Cim LLC grew its stake in Monolithic Power Systems by 79.3% in the third quarter. Cim LLC now owns 9,044 shares of the semiconductor company’s stock valued at $964,000 after purchasing an additional 4,001 shares in the last quarter. Institutional investors and hedge funds own 92.25% of the company’s stock.

MPWR has been the topic of a number of recent analyst reports. Deutsche Bank boosted their target price on Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research report on Friday, October 27th. Oppenheimer boosted their target price on Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $129.25.

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Monolithic Power Systems Company Profile

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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