Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer Sells 3,800 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 3,800 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $538.94, for a total value of $2,047,972.00. Following the completion of the transaction, the director now directly owns 470 shares in the company, valued at approximately $253,301.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Monolithic Power Systems Stock Performance

Shares of MPWR stock traded up $11.18 during mid-day trading on Monday, hitting $551.20. The company’s stock had a trading volume of 353,580 shares, compared to its average volume of 559,294. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 58.51, a PEG ratio of 5.79 and a beta of 1.16. Monolithic Power Systems, Inc. has a 52-week low of $336.63 and a 52-week high of $595.98. The business has a 50-day moving average price of $466.67 and a 200 day moving average price of $492.02.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.08. The company had revenue of $474.87 million during the quarter, compared to analysts’ expectations of $474.12 million. Monolithic Power Systems had a return on equity of 24.92% and a net margin of 24.60%. Equities research analysts predict that Monolithic Power Systems, Inc. will post 9.18 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 43.34%.

Institutional Trading of Monolithic Power Systems

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Monolithic Power Systems by 5.0% in the second quarter. BlackRock Inc. now owns 5,431,454 shares of the semiconductor company’s stock worth $2,934,234,000 after acquiring an additional 257,328 shares during the period. Vanguard Group Inc. raised its holdings in shares of Monolithic Power Systems by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,872,963 shares of the semiconductor company’s stock worth $2,366,701,000 after buying an additional 78,909 shares during the period. FMR LLC grew its stake in Monolithic Power Systems by 35.0% in the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after purchasing an additional 929,009 shares in the last quarter. State Street Corp grew its stake in Monolithic Power Systems by 2.3% in the second quarter. State Street Corp now owns 1,853,175 shares of the semiconductor company’s stock worth $1,002,974,000 after purchasing an additional 41,208 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Monolithic Power Systems by 5.6% in the second quarter. Franklin Resources Inc. now owns 1,803,714 shares of the semiconductor company’s stock worth $974,421,000 after purchasing an additional 96,107 shares in the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $580.00 price target on shares of Monolithic Power Systems in a research report on Friday, October 27th. StockNews.com started coverage on Monolithic Power Systems in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $600.00 price objective on shares of Monolithic Power Systems in a research report on Tuesday, October 31st. Wells Fargo & Company increased their target price on Monolithic Power Systems from $510.00 to $575.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Finally, Truist Financial dropped their price objective on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $551.08.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.