Monolithic Power Systems, Inc. (MPWR) Director Sells $1,626,000.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $108.40, for a total transaction of $1,626,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

James C. Moyer also recently made the following trade(s):

  • On Tuesday, August 1st, James C. Moyer sold 12,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $103.12, for a total transaction of $1,237,440.00.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at 113.14 on Friday. The company has a market cap of $4.68 billion, a P/E ratio of 79.79 and a beta of 1.26. Monolithic Power Systems, Inc. has a 52 week low of $75.04 and a 52 week high of $114.04. The stock has a 50 day moving average of $104.37 and a 200 day moving average of $98.91.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. Monolithic Power Systems’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.74%.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at approximately $121,000. D.A. Davidson & CO. lifted its stake in Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Monolithic Power Systems by 115.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 832 shares during the period. Fortaleza Asset Management Inc. lifted its stake in Monolithic Power Systems by 50.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 640 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Monolithic Power Systems during the 1st quarter valued at approximately $202,000. Institutional investors own 93.19% of the company’s stock.

Several research analysts have recently issued reports on MPWR shares. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 target price on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. KeyCorp reiterated a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a research note on Friday, September 1st. BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Pacific Crest reiterated an “overweight” rating and issued a $110.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.38.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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