Monolithic Power Systems (MPWR) Shares Down 5.6%

Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s share price dropped 5.6% during trading on Thursday . The company traded as low as $103.77 and last traded at $103.82. Approximately 674,736 shares changed hands during trading, an increase of 113% from the average daily volume of 317,372 shares. The stock had previously closed at $110.00.

Several research firms recently issued reports on MPWR. Deutsche Bank boosted their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a report on Friday, October 27th. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Monolithic Power Systems presently has an average rating of “Buy” and an average target price of $129.25.

The firm has a market cap of $4,310.00, a price-to-earnings ratio of 64.09, a price-to-earnings-growth ratio of 2.47 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. research analysts expect that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.77%. Monolithic Power Systems’s dividend payout ratio is currently 49.38%.

In other news, CFO Theodore Blegen sold 450 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $120.66, for a total transaction of $54,297.00. Following the completion of the sale, the chief financial officer now directly owns 40,142 shares of the company’s stock, valued at $4,843,533.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Hsing sold 18,817 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $119.63, for a total transaction of $2,251,077.71. Following the sale, the chief executive officer now directly owns 1,106,269 shares of the company’s stock, valued at $132,342,960.47. The disclosure for this sale can be found here. Insiders have sold 92,399 shares of company stock worth $10,919,514 in the last quarter. Company insiders own 4.00% of the company’s stock.

Several large investors have recently bought and sold shares of MPWR. Simplex Trading LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $102,000. State of Alaska Department of Revenue bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $120,000. Cerebellum GP LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $127,000. Alps Advisors Inc. bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $206,000. Finally, 1st Global Advisors Inc. bought a new stake in shares of Monolithic Power Systems during the second quarter worth about $209,000. 93.28% of the stock is owned by institutional investors.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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