Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) EVP Maurice Sciammas sold 3,976 shares of Monolithic Power Systems stock in a transaction on Monday, November 24th. The shares were sold at an average price of $895.23, for a total transaction of $3,559,434.48. Following the completion of the transaction, the executive vice president owned 144,330 shares in the company, valued at approximately $129,208,545.90. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Maurice Sciammas also recently made the following trade(s):
- On Wednesday, November 19th, Maurice Sciammas sold 7,034 shares of Monolithic Power Systems stock. The stock was sold at an average price of $870.21, for a total transaction of $6,121,057.14.
- On Wednesday, November 19th, Maurice Sciammas sold 27,966 shares of Monolithic Power Systems stock. The shares were sold at an average price of $881.66, for a total transaction of $24,656,503.56.
- On Wednesday, November 5th, Maurice Sciammas sold 200 shares of Monolithic Power Systems stock. The stock was sold at an average price of $986.81, for a total transaction of $197,362.00.
Monolithic Power Systems Price Performance
Shares of MPWR traded up $15.64 during midday trading on Tuesday, reaching $908.61. The stock had a trading volume of 558,713 shares, compared to its average volume of 743,175. The company has a market capitalization of $43.53 billion, a P/E ratio of 23.66, a P/E/G ratio of 4.08 and a beta of 1.33. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The firm’s 50 day moving average price is $957.84 and its 200-day moving average price is $825.88.
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. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 15.93%.
Hedge Funds Weigh In On Monolithic Power Systems
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of 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 valued at $5,591,998,000 after buying an additional 134,087 shares during the last quarter. State Street Corp raised its position in shares of Monolithic Power Systems by 0.7% in the third quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock valued at $1,968,578,000 after purchasing an additional 14,670 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Monolithic Power Systems by 33.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock worth $1,180,104,000 after buying an additional 506,430 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Monolithic Power Systems by 7.5% in 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. boosted its holdings in 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 acquiring an additional 6,503 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Analyst Upgrades and Downgrades
MPWR has been the subject of a number of analyst reports. Citigroup lifted their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. KeyCorp boosted their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Needham & Company LLC boosted their target price on 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. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus raised their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. One 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 company. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $1,047.27.
Check Out Our Latest Stock Analysis on MPWR
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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