Deming Xiao Sells 1,385 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) insider Deming Xiao sold 1,385 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $390.33, for a total value of $540,607.05. Following the completion of the transaction, the insider now owns 272,805 shares in the company, valued at approximately $106,483,975.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Deming Xiao also recently made the following trade(s):

  • On Monday, October 3rd, Deming Xiao sold 4,305 shares of Monolithic Power Systems stock. The shares were sold at an average price of $372.60, for a total value of $1,604,043.00.

Monolithic Power Systems Trading Up 0.2 %

Shares of NASDAQ:MPWR opened at $376.04 on Friday. The business has a 50-day moving average price of $366.96 and a 200 day moving average price of $415.43. The company has a market capitalization of $17.65 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 1.72 and a beta of 1.09. Monolithic Power Systems, Inc. has a 12-month low of $301.69 and a 12-month high of $580.00.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Thursday, September 29th. Monolithic Power Systems’s dividend payout ratio (DPR) is 37.04%.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glassman Wealth Services boosted its holdings in Monolithic Power Systems by 58.5% during the 2nd quarter. Glassman Wealth Services now owns 65 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Guardian Wealth Advisors LLC purchased a new position in Monolithic Power Systems during the 3rd quarter valued at about $27,000. Achmea Investment Management B.V. purchased a new position in Monolithic Power Systems during the 1st quarter valued at about $27,000. Lindbrook Capital LLC boosted its holdings in Monolithic Power Systems by 75.6% during the 2nd quarter. Lindbrook Capital LLC now owns 72 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 31 shares during the period. Finally, Heritage Wealth Management LLC purchased a new position in Monolithic Power Systems during the 2nd quarter valued at about $28,000. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on MPWR. Needham & Company LLC decreased their price objective on Monolithic Power Systems from $550.00 to $450.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Cowen cut their target price on Monolithic Power Systems from $600.00 to $425.00 in a research note on Friday, October 28th. Wells Fargo & Company began coverage on Monolithic Power Systems in a research note on Friday, November 11th. They issued an “overweight” rating and a $435.00 target price for the company. KeyCorp cut their target price on Monolithic Power Systems from $500.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Finally, Truist Financial cut their target price on Monolithic Power Systems from $569.00 to $432.00 and set a “buy” rating for the company in a research note on Friday, October 28th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $431.70.

About Monolithic Power Systems

(Get Rating)

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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Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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