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 transaction of $89,697.00. Following the completion of the sale, the director directly owned 426 shares of the company’s stock, valued at $382,109.22. This represents a 19.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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 transaction of $87,397.00.
Monolithic Power Systems Stock Performance
Shares of NASDAQ MPWR traded up $15.64 during midday trading on Tuesday, reaching $908.61. The stock had a trading volume of 558,714 shares, compared to its average volume of 743,175. The company has a market capitalization of $43.53 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,123.38. The stock has a 50-day moving average of $957.84 and a 200-day moving average of $825.88.
Monolithic Power Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.56 dividend. 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 dividend payout ratio is 15.93%.
Institutional Investors Weigh In On Monolithic Power Systems
Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Monolithic Power Systems by 7.7% in the first quarter. Avantax Advisory Services Inc. now owns 3,447 shares of the semiconductor company’s stock valued at $1,999,000 after acquiring an additional 247 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Monolithic Power Systems by 5.9% in the 1st quarter. Cetera Investment Advisers now owns 9,464 shares of the semiconductor company’s stock worth $5,489,000 after acquiring an additional 526 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Monolithic Power Systems by 18.2% during the 1st quarter. Pacer Advisors Inc. now owns 9,686 shares of the semiconductor company’s stock worth $5,618,000 after purchasing an additional 1,493 shares during the period. Finally, HB Wealth Management LLC grew its holdings in Monolithic Power Systems by 674.3% during the 1st quarter. HB Wealth Management LLC now owns 5,846 shares of the semiconductor company’s stock valued at $3,391,000 after purchasing an additional 5,091 shares during the last quarter. 93.46% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on MPWR shares. Raymond James Financial reissued an “outperform” rating and set a $875.00 target price (up previously from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Needham & Company LLC boosted 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 report on Monday, September 29th. Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Finally, Stifel Nicolaus boosted their price target on shares of 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 research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,047.27.
View Our Latest Research Report on Monolithic Power Systems
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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