Michael Hsing Sells 8,000 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00. Following the sale, the chief executive officer now owns 891,232 shares in the company, valued at $589,861,899.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, April 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $677.44, for a total value of $5,419,520.00.
• On Friday, March 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $726.08, for a total value of $5,808,640.00.
• On Thursday, February 8th, Michael Hsing sold 2,790 shares of Monolithic Power Systems stock. The shares were sold at an average price of $680.00, for a total transaction of $1,897,200.00.

Monolithic Power Systems Trading Down 0.8 %

Monolithic Power Systems stock opened at $707.22 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $383.19 and a 12-month high of $778.15. The firm has a market capitalization of $34.41 billion, a price-to-earnings ratio of 84.29, a P/E/G ratio of 3.82 and a beta of 1.22. The firm has a 50 day moving average of $678.85 and a 200 day moving average of $616.32.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. On average, analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.25 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.71%. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday. KeyCorp boosted their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Oppenheimer raised their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $716.90.

Institutional Trading of Monolithic Power Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TFB Advisors LLC purchased a new stake in Monolithic Power Systems during the 1st quarter valued at approximately $343,000. Mediolanum International Funds Ltd purchased a new position in Monolithic Power Systems during the first quarter valued at $5,161,000. GSA Capital Partners LLP increased its holdings in Monolithic Power Systems by 96.2% in the 1st quarter. GSA Capital Partners LLP now owns 732 shares of the semiconductor company’s stock valued at $496,000 after acquiring an additional 359 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Monolithic Power Systems by 48.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 917 shares of the semiconductor company’s stock worth $621,000 after purchasing an additional 299 shares in the last quarter. Finally, RiverPark Advisors LLC bought a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $27,000. Institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.