Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) EVP Saria Tseng sold 1,300 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $1,087.62, for a total value of $1,413,906.00. Following the completion of the sale, the executive vice president owned 126,354 shares of the company’s stock, valued at $137,425,137.48. The trade was a 1.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Saria Tseng also recently made the following trade(s):
- On Thursday, October 16th, Saria Tseng sold 2,812 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,025.72, for a total value of $2,884,324.64.
- On Wednesday, October 15th, Saria Tseng sold 14,028 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,016.18, for a total value of $14,254,973.04.
- On Thursday, September 18th, Saria Tseng sold 14,510 shares of Monolithic Power Systems stock. The stock was sold at an average price of $914.45, for a total transaction of $13,268,669.50.
Monolithic Power Systems Trading Up 0.4%
NASDAQ MPWR opened at $1,074.91 on Monday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,091.91. The company has a market capitalization of $51.48 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 4.00 and a beta of 1.27. The firm’s fifty day simple moving average is $907.57 and its 200-day simple moving average is $765.81.
Monolithic Power Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.56 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is 16.25%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Citigroup increased their target price on shares of Monolithic Power Systems from $825.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Rosenblatt Securities reissued a “neutral” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, August 1st. KeyCorp increased their target price on shares of Monolithic Power Systems from $1,050.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $963.18.
View Our Latest Research Report on MPWR
Institutional Investors Weigh In On Monolithic Power Systems
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Monolithic Power Systems by 0.3% in the second quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after purchasing an additional 19,277 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Monolithic Power Systems by 33.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock valued at $1,180,104,000 after purchasing an additional 506,430 shares during the last quarter. Invesco Ltd. grew its position in shares of Monolithic Power Systems by 7.5% in the first quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company’s stock valued at $724,589,000 after purchasing an additional 86,853 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after purchasing an additional 227,159 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after purchasing an additional 105,721 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.
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.
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