Victor K. Lee Sells 1,000 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Victor K. Lee sold 1,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the completion of the sale, the director now directly owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Monolithic Power Systems Stock Performance

MPWR opened at $828.75 on Wednesday. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 98.78, a PEG ratio of 4.11 and a beta of 1.11. The firm’s 50-day simple moving average is $754.34 and its 200-day simple moving average is $692.48. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a yield of 0.60%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth $362,477,000. BNP Paribas Financial Markets grew its holdings in Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after acquiring an additional 148,771 shares during the last quarter. Vanguard Group Inc. increased its position in Monolithic Power Systems by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after acquiring an additional 123,946 shares in the last quarter. Rokos Capital Management LLP raised its stake in shares of Monolithic Power Systems by 133.9% in the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock worth $93,218,000 after acquiring an additional 115,250 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Monolithic Power Systems by 100.4% during the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after purchasing an additional 97,357 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. KeyCorp boosted their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, Truist Financial raised their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.00.

Monolithic Power Systems Company Profile

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.