Monolithic Power Systems, Inc. (NASDAQ:MPWR) insider Deming Xiao sold 4,382 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $113.85, for a total transaction of $498,890.70. Following the completion of the sale, the insider now owns 270,479 shares in the company, valued at approximately $30,794,034.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Monolithic Power Systems, Inc. (MPWR) opened at $109.91 on Tuesday. The stock has a market capitalization of $4,580.87, a PE ratio of 73.77, a PEG ratio of 2.38 and a beta of 1.27. Monolithic Power Systems, Inc. has a 12-month low of $84.45 and a 12-month high of $126.80.
Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $129.43 million during the quarter, compared to analyst estimates of $126.19 million. During the same period in the previous year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. equities research analysts forecast 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. Stockholders of record on Friday, March 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.09%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio is currently 53.69%.
Several institutional investors have recently made changes to their positions in MPWR. Simplex Trading LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $102,000. State of Alaska Department of Revenue bought a new stake in Monolithic Power Systems in the 4th quarter valued at $120,000. Quantbot Technologies LP bought a new stake in Monolithic Power Systems in the 2nd quarter valued at $121,000. Cerebellum GP LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $127,000. Finally, D.A. Davidson & CO. raised its stake in Monolithic Power Systems by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares during the period. Institutional investors own 92.25% of the company’s stock.
A number of equities research analysts have weighed in on MPWR shares. Deutsche Bank lifted their price target on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research note 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 lifted their price objective on Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a report on Friday, October 27th. Oppenheimer lifted 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. Finally, KeyCorp reaffirmed a “buy” rating and issued a $125.00 price target on shares of Monolithic Power Systems in a report on Friday, October 27th. 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 a consensus target price of $129.25.
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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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