Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) Director Sells $558,516.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor Lee sold 600 shares of Monolithic Power Systems stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $930.86, for a total value of $558,516.00. Following the sale, the director directly owned 27,967 shares in the company, valued at $26,033,361.62. The trade was a 2.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $959.09 on Friday. The stock has a market cap of $45.95 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.72 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,123.38. The business has a fifty day moving average of $941.47 and a 200-day moving average of $882.01.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 business had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.06 earnings per share. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Citigroup lifted their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Finally, Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,074.58.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of Monolithic Power Systems in the 1st quarter valued at approximately $207,000. EP Wealth Advisors LLC raised its position in Monolithic Power Systems by 5.3% during the first quarter. EP Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 25 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Monolithic Power Systems by 2.9% in the first quarter. Integrated Wealth Concepts LLC now owns 1,721 shares of the semiconductor company’s stock valued at $998,000 after acquiring an additional 49 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Monolithic Power Systems by 36.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,351 shares of the semiconductor company’s stock worth $13,541,000 after purchasing an additional 6,217 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other 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.