Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) EVP Saria Tseng sold 1,300 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $1,087.62, for a total value of $1,413,906.00. Following the transaction, the executive vice president owned 126,354 shares in the company, valued at $137,425,137.48. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 stock was 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 shares were sold at an average price of $914.45, for a total value of $13,268,669.50.
Monolithic Power Systems Price Performance
Shares of NASDAQ:MPWR opened at $1,074.91 on Friday. The firm has a market capitalization of $51.48 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 3.99 and a beta of 1.27. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,091.91. The firm’s 50-day moving average is $907.57 and its two-hundred day moving average is $762.26.
Monolithic Power Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.56 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.25%.
Wall Street Analyst Weigh In
MPWR has been the topic of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating and set a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Raymond James Financial reaffirmed an “outperform” rating and set a $875.00 price target (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, KeyCorp lifted their target price on shares of Monolithic Power Systems from $1,050.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $963.18.
Get Our Latest Stock Report on MPWR
Institutional Investors Weigh In On Monolithic Power Systems
Large investors have recently modified their holdings of the stock. True Wealth Design LLC grew its position in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 27 shares during the period. WPG Advisers LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at about $27,000. NewSquare Capital LLC boosted its holdings in shares of Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Finally, SouthState Corp acquired a new position in shares of Monolithic Power Systems during the first quarter worth about $33,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
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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