Kuo Wei Herbert Chang Sells 50 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Kuo Wei Herbert Chang also recently made the following trade(s):

  • On Tuesday, August 11th, Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00.

Monolithic Power Systems Stock Down 0.0%

Shares of NASDAQ:MPWR opened at $1,303.88 on Thursday. The company has a market cap of $64.08 billion, a PE ratio of 79.94 and a beta of 1.69. The company’s 50-day moving average price is $1,359.26 and its 200 day moving average price is $1,350.32. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. During the same quarter in the prior year, the firm earned $4.21 EPS. Monolithic Power Systems’s quarterly revenue was up 47.6% on a year-over-year basis. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC acquired a new stake in Monolithic Power Systems in the second quarter worth approximately $35,000. Danske Bank A S bought a new position in Monolithic Power Systems during the 2nd quarter valued at $36,000. Continuum Advisory LLC acquired a new position in shares of Monolithic Power Systems during the 2nd quarter valued at $43,000. IFP Advisors Inc increased its position in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Finally, NBH Bank bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $54,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MPWR shares. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. TD Cowen increased their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Get Our Latest Stock Analysis on MPWR

About Monolithic Power Systems

(Get Free Report)

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

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