Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $91.45, for a total transaction of $1,371,750.00. Following the completion of the transaction, the director now directly owns 836,758 shares in the company, valued at approximately $76,521,519.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
James C. Moyer also recently made the following trade(s):
- On Tuesday, January 24th, James C. Moyer sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $90.00, for a total transaction of $225,000.00.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up 0.03% on Thursday, hitting $89.43. 91,543 shares of the stock traded hands. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 70.98 and a beta of 1.32. Monolithic Power Systems, Inc. has a 12-month low of $60.02 and a 12-month high of $94.49. The stock has a 50-day moving average of $90.59 and a 200-day moving average of $84.59.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Monolithic Power Systems had a net margin of 13.56% and a return on equity of 13.42%. The business earned $103.60 million during the quarter, compared to analysts’ expectations of $103.09 million. During the same period in the previous year, the company earned $0.51 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 19.2% on a year-over-year basis. Analysts forecast that Monolithic Power Systems, Inc. will post $2.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Wednesday, March 29th. Monolithic Power Systems’s payout ratio is 64.00%.
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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $87.00 to $94.00 and gave the company a “buy” rating in a report on Friday, February 10th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $95.00 price objective (up from $88.00) on shares of Monolithic Power Systems in a report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $91.00.
Several hedge funds have recently modified their holdings of MPWR. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Monolithic Power Systems by 16.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,088,151 shares of the company’s stock worth $87,596,000 after buying an additional 154,981 shares during the last quarter. Wells Fargo & Company MN boosted its position in Monolithic Power Systems by 32.5% in the third quarter. Wells Fargo & Company MN now owns 1,000,864 shares of the company’s stock valued at $80,570,000 after buying an additional 245,500 shares during the last quarter. Northern Trust Corp boosted its position in Monolithic Power Systems by 19.6% in the third quarter. Northern Trust Corp now owns 767,886 shares of the company’s stock valued at $61,815,000 after buying an additional 125,588 shares during the last quarter. Congress Asset Management Co. MA bought a new position in Monolithic Power Systems during the fourth quarter valued at approximately $52,851,000. Finally, Zevenbergen Capital Investments LLC boosted its position in Monolithic Power Systems by 18.5% in the third quarter. Zevenbergen Capital Investments LLC now owns 638,065 shares of the company’s stock valued at $51,364,000 after buying an additional 99,735 shares during the last quarter. Institutional investors and hedge funds own 97.46% of the company’s stock.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.
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