The Monolithic Power Systems, Inc. (MPWR) Director James C. Moyer Sells 15,000 Shares

The Monolithic Power Systems, Inc. (MPWR) Director James C. Moyer Sells 15,000 Shares

James C. Moyer also recently made the following trade(s):

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $97.65, for a total value of $1,464,750.00. Following the sale, the director now directly owns 790,758 shares of the company’s stock, valued at $77,217,518.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Monolithic Power Systems, Inc. (MPWR) traded down 0.25% during trading on Tuesday, reaching $102.51. The company’s stock had a trading volume of 195,349 shares. The stock has a market cap of $4.24 billion, a PE ratio of 72.29 and a beta of 1.23. The company’s 50-day moving average is $100.11 and its 200-day moving average is $94.03. Monolithic Power Systems, Inc. has a 12 month low of $71.09 and a 12 month high of $107.87.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. Monolithic Power Systems’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities analysts expect that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.78%. Monolithic Power Systems’s payout ratio is 56.74%.

Several equities analysts have recently issued reports on MPWR shares. Deutsche Bank AG restated a “buy” rating and set a $97.00 target price (up from $95.00) on shares of Monolithic Power Systems in a research report on Friday, April 28th. Zacks Investment Research lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and set a $117.00 target price (up from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $112.29.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of Monolithic Power Systems by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,054 shares of the semiconductor company’s stock valued at $742,000 after buying an additional 34 shares during the last quarter. First National Bank of Hutchinson raised its stake in shares of Monolithic Power Systems by 0.8% in the second quarter. First National Bank of Hutchinson now owns 4,744 shares of the semiconductor company’s stock worth $498,000 after buying an additional 36 shares during the period. Miles Capital Inc. raised its stake in shares of Monolithic Power Systems by 1.7% in the first quarter. Miles Capital Inc. now owns 2,704 shares of the semiconductor company’s stock worth $249,000 after buying an additional 45 shares during the period. Renaissance Group LLC raised its stake in shares of Monolithic Power Systems by 1.2% in the second quarter. Renaissance Group LLC now owns 4,152 shares of the semiconductor company’s stock worth $400,000 after buying an additional 49 shares during the period. Finally, Bellwether Investment Group LLC raised its stake in shares of Monolithic Power Systems by 1.9% in the second quarter. Bellwether Investment Group LLC now owns 3,204 shares of the semiconductor company’s stock worth $309,000 after buying an additional 59 shares during the period. 92.73% of the stock is currently owned by institutional investors.

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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