Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 15,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $122.36, for a total transaction of $1,835,400.00. Following the completion of the sale, the director now directly owns 705,225 shares of the company’s stock, valued at approximately $86,291,331. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up $0.61 on Wednesday, reaching $120.51. 542,921 shares of the company were exchanged, compared to its average volume of 286,808. The firm has a market cap of $5,000.00, a price-to-earnings ratio of 74.39, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. Monolithic Power Systems, Inc. has a 1-year low of $84.45 and a 1-year high of $126.80.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $128.90 million during the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Thursday, December 28th. Monolithic Power Systems’s payout ratio is 49.38%.
Several research firms have recently issued reports on MPWR. Zacks Investment Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Oppenheimer increased their price objective on shares of 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, KeyCorp reissued a “buy” rating and issued a $125.00 price objective on shares of Monolithic Power Systems in a research report on Friday, October 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $129.25.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Simplex Trading LLC acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $102,000. Quantbot Technologies LP acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at $121,000. D.A. Davidson & CO. grew its holdings in Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in Monolithic Power Systems by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 897 shares in the last quarter. Finally, 1st Global Advisors Inc. acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at $209,000. 93.85% of the stock is owned by institutional investors and hedge funds.
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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.
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