Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) EVP Saria Tseng sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the sale, the executive vice president directly owned 187,331 shares in the company, valued at $173,556,551.57. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Saria Tseng also recently made the following trade(s):
- On Friday, October 24th, Saria Tseng sold 1,300 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,087.62, for a total transaction of $1,413,906.00.
- On Thursday, October 16th, Saria Tseng sold 2,812 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,025.72, for a total transaction 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 value of $13,268,669.50.
Monolithic Power Systems Trading Up 0.2%
NASDAQ MPWR opened at $926.60 on Monday. The firm has a market capitalization of $44.39 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. The business’s 50-day moving average price is $960.16 and its two-hundred day moving average price is $831.97. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.56 per share. The ex-dividend date was Tuesday, September 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is 15.93%.
Institutional Investors Weigh In On Monolithic Power Systems
A number of hedge funds have recently added to or reduced their stakes in MPWR. True Wealth Design LLC raised its holdings in shares of Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter worth approximately $27,000. NewSquare Capital LLC lifted 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 purchasing an additional 19 shares in the last quarter. Finally, SouthState Corp purchased a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Analysts Set New Price Targets
MPWR has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a report on Monday, September 29th. KeyCorp boosted 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. Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Monolithic Power Systems in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,047.27.
Get Our Latest Report on Monolithic Power Systems
About Monolithic Power Systems
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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