Monolithic Power Systems, Inc. (NASDAQ:MPWR) Insider Deming Xiao Sells 2,980 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) insider Deming Xiao sold 2,980 shares of the business’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $400.00, for a total transaction of $1,192,000.00. Following the completion of the sale, the insider now owns 261,920 shares in the company, valued at approximately $104,768,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Deming Xiao also recently made the following trade(s):

• On Monday, November 14th, Deming Xiao sold 1,385 shares of Monolithic Power Systems stock. The stock was sold at an average price of $390.33, for a total transaction of $540,607.05.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $401.68 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $301.69 and a 1-year high of $541.39. The company has a 50-day moving average of $372.67 and a 200 day moving average of $399.92. The firm has a market cap of $18.86 billion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The semiconductor company reported $2.64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.09). Monolithic Power Systems had a return on equity of 29.06% and a net margin of 23.42%. The business had revenue of $495.42 million during the quarter, compared to analysts’ expectations of $490.45 million. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 9.43 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, December 29th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 37.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $400.00 to $435.00 in a research report on Wednesday, December 14th. Cowen cut their price objective on shares of Monolithic Power Systems from $600.00 to $425.00 in a research report on Friday, October 28th. Raymond James cut their price objective on shares of Monolithic Power Systems from $570.00 to $400.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Credit Suisse Group initiated coverage on shares of Monolithic Power Systems in a research report on Tuesday, November 15th. They set an “outperform” rating and a $475.00 price objective on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a research report on Friday, November 11th. They set an “overweight” rating and a $435.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $435.20.

Institutional Trading of Monolithic Power Systems

A number of hedge funds have recently added to or reduced their stakes in MPWR. Private Advisor Group LLC lifted its position in shares of Monolithic Power Systems by 31.3% during the first quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock valued at $672,000 after buying an additional 330 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Monolithic Power Systems by 5.4% during the first quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock valued at $930,000 after buying an additional 99 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Monolithic Power Systems by 1,624.0% during the first quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock valued at $3,492,000 after buying an additional 6,772 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Monolithic Power Systems by 9.3% during the first quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock valued at $5,019,000 after buying an additional 883 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at about $439,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

About Monolithic Power Systems

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Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.