Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) EVP Saria Tseng sold 2,812 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $1,025.72, for a total value of $2,884,324.64. Following the sale, the executive vice president directly owned 127,654 shares of the company’s stock, valued at $130,937,260.88. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Saria Tseng also recently made the following trade(s):
- 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 stock was sold at an average price of $914.45, for a total value of $13,268,669.50.
Monolithic Power Systems Stock Performance
Shares of MPWR opened at $1,004.65 on Friday. The stock has a market capitalization of $48.11 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.74 and a beta of 1.27. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,041.50. The company’s fifty day moving average is $886.92 and its two-hundred day moving average is $744.73.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders 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 yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 16.25%.
Institutional Investors Weigh In On Monolithic Power Systems
Institutional investors and hedge funds have recently made changes to their positions in the business. WPG Advisers LLC purchased a new position in Monolithic Power Systems during the 1st quarter valued at about $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. SouthState Corp acquired a new stake in shares of Monolithic Power Systems in the first quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $36,000. Finally, Armstrong Advisory Group Inc. raised its position in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 27 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently commented on MPWR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a report on Wednesday, October 8th. KeyCorp raised their target price on Monolithic Power Systems from $950.00 to $1,050.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Citigroup upped their price target on shares of Monolithic Power Systems from $825.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, August 1st. Finally, William Blair raised shares of Monolithic Power Systems to a “strong-buy” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $925.00.
Get Our Latest Research Report 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.
Featured Articles
- Five stocks we like better than Monolithic Power Systems
- How to Start Investing in Real Estate
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- How to Invest in Insurance Companies: A Guide
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.