Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Monolithic Power Systems Stock Down 0.9 %
MPWR opened at $699.03 on Wednesday. The firm has a market cap of $34.10 billion, a PE ratio of 19.01, a P/E/G ratio of 2.53 and a beta of 1.03. The business has a fifty day simple moving average of $621.11 and a 200-day simple moving average of $753.43. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13 EPS for the current fiscal year.
Monolithic Power Systems Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio (DPR) is 13.60%.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a "buy" rating and a $700.00 target price on the stock. KeyCorp increased their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $866.17.
View Our Latest Analysis on MPWR
Institutional Trading of Monolithic Power Systems
Several hedge funds and other institutional investors have recently modified their holdings of the business. Modern Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $1,538,000. EntryPoint Capital LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $524,000. Segall Bryant & Hamill LLC boosted its position in shares of Monolithic Power Systems by 69.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 25,896 shares of the semiconductor company's stock worth $15,323,000 after buying an additional 10,649 shares during the period. Summit Creek Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $230,000. Finally, Emerald Advisers LLC boosted its position in shares of Monolithic Power Systems by 45.9% in the fourth quarter. Emerald Advisers LLC now owns 1,367 shares of the semiconductor company's stock worth $809,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.
Monolithic Power Systems Company Profile
(
Get Free Report)
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.
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