Michael Hsing Sells 20,429 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 20,429 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $111.15, for a total value of $2,270,683.35. Following the completion of the sale, the chief executive officer now owns 1,297,572 shares of the company’s stock, valued at $144,225,127.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Michael Hsing also recently made the following trade(s):

  • On Monday, February 12th, Michael Hsing sold 96,181 shares of Monolithic Power Systems stock. The shares were sold at an average price of $108.19, for a total value of $10,405,822.39.
  • On Monday, February 5th, Michael Hsing sold 17,354 shares of Monolithic Power Systems stock. The shares were sold at an average price of $113.85, for a total value of $1,975,752.90.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $117.00 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $85.02 and a 12-month high of $126.80. The company has a market capitalization of $4,868.84, a P/E ratio of 78.52, a P/E/G ratio of 2.46 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 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 firm had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. analysts expect that Monolithic Power Systems, Inc. will post 2.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.03%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, March 28th. Monolithic Power Systems’s payout ratio is presently 53.69%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its position in shares of Monolithic Power Systems by 3.7% during the second quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock worth $131,351,000 after purchasing an additional 48,013 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Monolithic Power Systems by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 1,306,095 shares of the semiconductor company’s stock worth $146,759,000 after purchasing an additional 74,118 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Monolithic Power Systems by 4.1% during the third quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock worth $128,958,000 after purchasing an additional 47,751 shares in the last quarter. Earnest Partners LLC increased its position in shares of Monolithic Power Systems by 0.4% during the third quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock worth $105,312,000 after purchasing an additional 3,973 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Monolithic Power Systems by 103.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 836,929 shares of the semiconductor company’s stock worth $94,038,000 after purchasing an additional 426,360 shares in the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. BidaskClub upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. KeyCorp restated a “buy” rating and issued a $125.00 price objective on shares of Monolithic Power Systems in a research report on Friday, October 27th. Finally, Oppenheimer boosted their price objective on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research 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 company. Monolithic Power Systems has an average rating of “Buy” and a consensus 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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