Monolithic Power Systems (NASDAQ:MPWR) EVP Saria Tseng Sells 25,674 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 25,674 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the sale, the executive vice president owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. The trade was a 12.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Saria Tseng also recently made the following trade(s):

• On Friday, February 6th, Saria Tseng sold 22,875 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00.

Monolithic Power Systems Stock Performance

MPWR stock traded down $2.67 during midday trading on Thursday, reaching $1,116.84. 67,454 shares of the company were exchanged, compared to its average volume of 595,111. The company has a market cap of $54.86 billion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The stock’s 50-day simple moving average is $1,121.48 and its 200 day simple moving average is $1,014.61.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.09 EPS. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 62.79%.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC boosted its stake in shares of Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after acquiring an additional 161 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Monolithic Power Systems by 3.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the semiconductor company’s stock worth $815,000 after acquiring an additional 39 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Monolithic Power Systems by 7.0% in the 2nd quarter. Schroder Investment Management Group now owns 23,350 shares of the semiconductor company’s stock worth $17,078,000 after acquiring an additional 1,528 shares during the period. Finally, M&T Bank Corp increased its stake in Monolithic Power Systems by 2.2% in the 2nd quarter. M&T Bank Corp now owns 2,664 shares of the semiconductor company’s stock valued at $1,948,000 after purchasing an additional 58 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. KeyCorp raised their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Needham & Company LLC lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Citigroup boosted their target price on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Truist Financial increased their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,218.42.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.