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KIRKLAND, WA—Michael Hsing, CEO of Monolithic Power Systems Inc. (NASDAQ:MPWR), a $32.9 billion market cap company currently rated "GREAT" by InvestingPro’s Financial Health scoring system, recently executed a substantial stock sale, according to a filing with the Securities and Exchange Commission. On February 18, Hsing sold 5,200 shares of common stock at a price of $700 per share, totaling $3.64 million. Following this transaction, Hsing holds 834,898 shares directly. Additionally, he maintains indirect ownership of shares through trusts, including the M Hsing 04 Trust and the ZH Family 2020 Trust, with respective holdings of 133,040 and 12,825 shares. This sale is part of Hsing’s ongoing management of his investment in the company, which has maintained dividend payments for 12 consecutive years and recently showed a 56% dividend growth. According to InvestingPro, there are 13 additional key insights about MPWR’s valuation and growth prospects available to subscribers.
In other recent news, Monolithic Power Systems reported impressive financial results for the fourth quarter of 2024, with earnings per share (EPS) of $4.09, surpassing the expected $3.98. The company’s revenue reached $621.7 million, exceeding forecasts of $608.1 million, marking a 37% year-over-year increase. Following these results, several firms adjusted their price targets for Monolithic Power Systems. Truist Securities raised its target to $897, citing the company’s strong performance and increased EPS predictions for 2026. KeyBanc increased its target to $850, highlighting the company’s robust automotive division and optimistic first-quarter guidance. Citi also raised its price target to $800, maintaining a Buy rating and emphasizing the company’s diversified growth across multiple sectors. Needham followed suit, adjusting its price target to $800 and praising the company’s ability to mitigate challenges in the Enterprise Data segment. These developments reflect a strong market confidence in Monolithic Power Systems’ strategic direction and financial health.
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