Victor Lee Sells 1,000 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor Lee sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total transaction of $951,720.00. Following the completion of the sale, the director owned 28,567 shares in the company, valued at $27,187,785.24. This represents a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Monolithic Power Systems Stock Performance

MPWR stock opened at $923.91 on Wednesday. The business has a 50-day simple moving average of $959.32 and a two-hundred day simple moving average of $872.20. The company has a market capitalization of $44.26 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 3.14 and a beta of 1.47. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The company had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned $4.06 earnings per share. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $1.56 per share. The ex-dividend date is Wednesday, December 31st. This represents a $6.24 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Analysts Set New Price Targets

Several analysts have recently commented on MPWR shares. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Citigroup upped their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday. Finally, Needham & Company LLC increased their price target on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,074.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MPWR. True Wealth Design LLC lifted its stake in Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 11 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after buying an additional 27 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of Monolithic Power Systems in the first quarter valued at $27,000. NewSquare Capital LLC lifted its position in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of Monolithic Power Systems during the 3rd quarter valued at $33,000. 93.46% of the stock is owned by institutional investors.

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.