Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Sells 3,634 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Maurice Sciammas sold 3,634 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $140.60, for a total transaction of $510,940.40. Following the completion of the transaction, the vice president now directly owns 391,453 shares of the company’s stock, valued at approximately $55,038,291.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, July 10th, Maurice Sciammas sold 2,001 shares of Monolithic Power Systems stock. The stock was sold at an average price of $140.75, for a total transaction of $281,640.75.
  • On Monday, July 1st, Maurice Sciammas sold 8,394 shares of Monolithic Power Systems stock. The stock was sold at an average price of $139.68, for a total transaction of $1,172,473.92.
  • On Thursday, June 27th, Maurice Sciammas sold 7,979 shares of Monolithic Power Systems stock. The stock was sold at an average price of $131.09, for a total transaction of $1,045,967.11.
  • On Monday, June 24th, Maurice Sciammas sold 2,722 shares of Monolithic Power Systems stock. The stock was sold at an average price of $128.63, for a total transaction of $350,130.86.
  • On Tuesday, May 21st, Maurice Sciammas sold 19,883 shares of Monolithic Power Systems stock. The stock was sold at an average price of $121.98, for a total transaction of $2,425,328.34.
  • On Wednesday, May 8th, Maurice Sciammas sold 2,847 shares of Monolithic Power Systems stock. The stock was sold at an average price of $138.03, for a total transaction of $392,971.41.

Shares of MPWR stock traded up $3.01 during trading hours on Tuesday, reaching $145.25. 234,445 shares of the company’s stock were exchanged, compared to its average volume of 308,373. The business’s 50 day moving average price is $140.29. The stock has a market cap of $6.26 billion, a P/E ratio of 60.81, a price-to-earnings-growth ratio of 2.25 and a beta of 1.68. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $161.50.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). The business had revenue of $151.00 million for the quarter, compared to analyst estimates of $150.56 million. Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 2.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, June 27th. Monolithic Power Systems’s payout ratio is presently 66.95%.

Several hedge funds have recently modified their holdings of the company. Great Lakes Advisors LLC boosted its holdings in Monolithic Power Systems by 2.5% in the second quarter. Great Lakes Advisors LLC now owns 133,391 shares of the semiconductor company’s stock valued at $18,111,000 after purchasing an additional 3,212 shares during the last quarter. PFG Advisors boosted its holdings in Monolithic Power Systems by 21.1% in the second quarter. PFG Advisors now owns 7,694 shares of the semiconductor company’s stock valued at $1,162,000 after purchasing an additional 1,338 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Monolithic Power Systems by 2.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 49,375 shares of the semiconductor company’s stock valued at $6,704,000 after purchasing an additional 1,232 shares during the last quarter. Swiss National Bank boosted its holdings in Monolithic Power Systems by 2.3% in the second quarter. Swiss National Bank now owns 75,100 shares of the semiconductor company’s stock valued at $10,197,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Monolithic Power Systems by 7.6% in the second quarter. Envestnet Asset Management Inc. now owns 75,877 shares of the semiconductor company’s stock valued at $10,303,000 after purchasing an additional 5,345 shares during the last quarter. 95.77% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on MPWR shares. ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Needham & Company LLC downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 26th. Loop Capital started coverage on shares of Monolithic Power Systems in a research note on Tuesday, June 18th. They issued a “buy” rating and a $144.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $147.14.

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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Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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