Maurice Sciammas Sells 2,728 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Maurice Sciammas sold 2,728 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $181.07, for a total value of $493,958.96. Following the transaction, the vice president now directly owns 389,181 shares of the company’s stock, valued at approximately $70,469,003.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Maurice Sciammas also recently made the following trade(s):

  • On Tuesday, January 7th, Maurice Sciammas sold 42,865 shares of Monolithic Power Systems stock. The stock was sold at an average price of $176.99, for a total value of $7,586,676.35.
  • On Monday, December 16th, Maurice Sciammas sold 4,652 shares of Monolithic Power Systems stock. The stock was sold at an average price of $177.98, for a total value of $827,962.96.

Shares of MPWR opened at $191.19 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $114.84 and a 12-month high of $193.10. The business has a 50-day simple moving average of $179.85 and a two-hundred day simple moving average of $162.16. The stock has a market cap of $8.31 billion, a PE ratio of 80.67, a PEG ratio of 2.35 and a beta of 1.62.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Monolithic Power Systems had a return on equity of 15.07% and a net margin of 17.33%. The business had revenue of $166.74 million during the quarter, compared to analysts’ expectations of $163.09 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, March 30th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.40. Monolithic Power Systems’s payout ratio is 63.24%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Group LLC grew its position in shares of Monolithic Power Systems by 1.8% in the 3rd quarter. Renaissance Group LLC now owns 3,932 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 69 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of Monolithic Power Systems by 3.9% in the 3rd quarter. LS Investment Advisors LLC now owns 2,025 shares of the semiconductor company’s stock valued at $315,000 after buying an additional 76 shares during the last quarter. Synovus Financial Corp grew its position in shares of Monolithic Power Systems by 1.0% in the 4th quarter. Synovus Financial Corp now owns 7,393 shares of the semiconductor company’s stock valued at $1,324,000 after buying an additional 76 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Monolithic Power Systems by 1.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,380 shares of the semiconductor company’s stock valued at $1,149,000 after buying an additional 80 shares during the last quarter. Finally, Oakbrook Investments LLC grew its position in shares of Monolithic Power Systems by 2.0% in the 3rd quarter. Oakbrook Investments LLC now owns 5,025 shares of the semiconductor company’s stock valued at $782,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 96.77% of the company’s stock.

MPWR has been the subject of a number of recent research reports. BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, December 13th. Raymond James upped their target price on Monolithic Power Systems from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Loop Capital reaffirmed a “buy” rating and issued a $210.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Deutsche Bank upped their target price on Monolithic Power Systems from $188.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Cowen upped their target price on Monolithic Power Systems from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $194.38.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers 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, monitors, automobiles, and medical equipment.

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