Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao Sells 3,205 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao sold 3,205 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the sale, the executive vice president now directly owns 203,213 shares in the company, valued at approximately $168,987,866.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, May 22nd, Deming Xiao sold 1,300 shares of Monolithic Power Systems stock. The shares were sold at an average price of $769.40, for a total transaction of $1,000,220.00.

Monolithic Power Systems Trading Down 6.9 %

Shares of MPWR stock traded down $58.53 on Wednesday, reaching $787.88. 787,937 shares of the stock were exchanged, compared to its average volume of 518,599. The business’s 50 day moving average price is $800.78 and its 200 day moving average price is $716.90. The company has a market capitalization of $38.35 billion, a price-to-earnings ratio of 93.91, a PEG ratio of 4.29 and a beta of 1.11. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $891.67.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a yield of 0.63%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after acquiring an additional 55,874 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Monolithic Power Systems by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock valued at $1,154,686,000 after buying an additional 43,191 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Monolithic Power Systems by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock valued at $666,219,000 after buying an additional 3,105 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Monolithic Power Systems by 4.4% in the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock valued at $648,736,000 after buying an additional 43,225 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after buying an additional 85,676 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Oppenheimer lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. KeyCorp lifted their target price on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Truist Financial lifted their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $806.13.

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.