Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total value of $89,697.00. Following the transaction, the director owned 426 shares in the company, valued at $382,109.22. This represents a 19.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Kuo Wei Herbert Chang also recently made the following trade(s):
- On Friday, November 21st, Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock. The shares were sold at an average price of $873.97, for a total value of $87,397.00.
Monolithic Power Systems Price Performance
Shares of MPWR stock opened at $924.95 on Thursday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,123.38. The company has a market cap of $44.31 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 4.08 and a beta of 1.33. The stock has a 50 day simple moving average of $959.82 and a 200-day simple moving average of $828.46.
Monolithic Power Systems Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid 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 dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is currently 15.93%.
Institutional Investors Weigh In On Monolithic Power Systems
A number of large investors have recently made changes to their positions in MPWR. Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after buying an additional 134,087 shares during the last quarter. State Street Corp raised its holdings in shares of Monolithic Power Systems by 0.7% during the 3rd quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after acquiring an additional 14,670 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Monolithic Power Systems by 33.1% during the 1st 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 acquiring an additional 506,430 shares during the last quarter. Invesco Ltd. boosted its position in shares of Monolithic Power Systems by 7.5% during the 1st quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company’s stock valued at $724,589,000 after acquiring an additional 86,853 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Monolithic Power Systems by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after purchasing an additional 6,503 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on MPWR shares. Rosenblatt Securities upped their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. TD Cowen boosted their price objective on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Needham & Company LLC raised their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Finally, KeyCorp increased their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,047.27.
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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