Deming Xiao Sells 866 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Deming Xiao also recently made the following trade(s):

• On Tuesday, August 27th, Deming Xiao sold 9,259 shares of Monolithic Power Systems stock. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00.
• On Thursday, August 22nd, Deming Xiao sold 10,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded down $42.63 during mid-day trading on Wednesday, hitting $601.47. The company’s stock had a trading volume of 1,606,961 shares, compared to its average volume of 582,189. Monolithic Power Systems, Inc. has a 52-week low of $523.64 and a 52-week high of $959.64. The firm’s 50 day moving average is $871.40 and its 200 day moving average is $830.09. The company has a market cap of $29.34 billion, a PE ratio of 69.66, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.83%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Institutional Trading of Monolithic Power Systems

Institutional investors have recently added to or reduced their stakes in the business. Avestar Capital LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter valued at $244,000. Brooklyn Investment Group bought a new position in Monolithic Power Systems during the third quarter valued at about $104,000. D.A. Davidson & CO. lifted its position in shares of Monolithic Power Systems by 5.1% in the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after buying an additional 19 shares during the last quarter. FMR LLC boosted its stake in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. Finally, West Tower Group LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter valued at about $277,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on MPWR. KeyCorp upped their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Truist Financial restated a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Raymond James raised their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus target price of $916.73.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.