Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Saria Tseng Sells 982 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) VP Saria Tseng sold 982 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $343.98, for a total value of $337,788.36. Following the completion of the sale, the vice president now owns 256,096 shares of the company’s stock, valued at $88,091,902.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $352.96 on Tuesday. Monolithic Power Systems, Inc. has a 52 week low of $301.69 and a 52 week high of $580.00. The stock has a fifty day moving average of $375.97 and a 200-day moving average of $416.99. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 1.49 and a beta of 1.09.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, September 29th. Monolithic Power Systems’s dividend payout ratio is currently 37.04%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MPWR. Cowen lowered their target price on shares of Monolithic Power Systems from $600.00 to $425.00 in a report on Friday, October 28th. StockNews.com began coverage on Monolithic Power Systems in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen reduced their price objective on shares of Monolithic Power Systems from $600.00 to $425.00 in a research note on Friday, October 28th. Truist Financial dropped their target price on shares of Monolithic Power Systems from $569.00 to $432.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Raymond James cut their price target on shares of Monolithic Power Systems from $570.00 to $400.00 and set an “outperform” rating for the company in a report on Friday, October 28th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $425.88.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Monolithic Power Systems by 126.1% during the second quarter. FMR LLC now owns 795,879 shares of the semiconductor company’s stock valued at $305,648,000 after acquiring an additional 443,857 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Monolithic Power Systems by 1,295.2% during the 1st quarter. Van ECK Associates Corp now owns 334,041 shares of the semiconductor company’s stock worth $162,237,000 after buying an additional 310,099 shares during the period. BlackRock Inc. grew its position in shares of Monolithic Power Systems by 4.5% in the 1st quarter. BlackRock Inc. now owns 6,249,482 shares of the semiconductor company’s stock valued at $3,035,249,000 after buying an additional 269,551 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 155.0% in the third quarter. Los Angeles Capital Management LLC now owns 399,477 shares of the semiconductor company’s stock worth $145,170,000 after acquiring an additional 242,804 shares during the period. Finally, Summit Partners Public Asset Management LLC bought a new stake in Monolithic Power Systems in the first quarter valued at approximately $78,495,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

About Monolithic Power Systems

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Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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