Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Sells $8,796,050.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the sale, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, August 22nd, Deming Xiao sold 10,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00.
• On Thursday, August 8th, Deming Xiao sold 859 shares of Monolithic Power Systems stock. The shares were sold at an average price of $778.39, for a total value of $668,637.01.
• On Monday, July 22nd, Deming Xiao sold 3,205 shares of Monolithic Power Systems stock. The stock was sold at an average price of $831.58, for a total value of $2,665,213.90.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $934.68 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $959.64. The firm has a market capitalization of $45.50 billion, a PE ratio of 111.40, a price-to-earnings-growth ratio of 3.92 and a beta of 1.11. The company’s fifty day moving average price is $850.14 and its two-hundred day moving average price is $761.05.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Analysts predict that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.53%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MPWR shares. Deutsche Bank Aktiengesellschaft raised their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. TD Cowen raised their price objective on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Raymond James boosted their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Truist Financial boosted their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $912.30.

Institutional Trading of Monolithic Power Systems

Several institutional investors have recently bought and sold shares of MPWR. Family Firm Inc. bought a new position in shares of Monolithic Power Systems during the second quarter valued at $25,000. RiverPark Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the 1st quarter worth about $27,000. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems during the 2nd quarter valued at about $33,000. Crewe Advisors LLC boosted its position in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Monolithic Power Systems during the second quarter worth about $36,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.