Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) CEO Michael Hsing sold 10,960 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $537.79, for a total transaction of $5,894,178.40. Following the completion of the transaction, the chief executive officer now directly owns 1,049,447 shares of the company’s stock, valued at approximately $564,382,102.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Michael Hsing also recently made the following trade(s):
- On Tuesday, May 9th, Michael Hsing sold 2,785 shares of Monolithic Power Systems stock. The shares were sold at an average price of $409.78, for a total transaction of $1,141,237.30.
- On Wednesday, May 3rd, Michael Hsing sold 11,242 shares of Monolithic Power Systems stock. The shares were sold at an average price of $463.55, for a total transaction of $5,211,229.10.
Monolithic Power Systems Stock Performance
Shares of MPWR stock opened at $523.26 on Thursday. The firm’s 50-day moving average is $481.11 and its 200-day moving average is $460.49. The stock has a market cap of $24.80 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 2.33 and a beta of 1.13. Monolithic Power Systems, Inc. has a 52-week low of $301.69 and a 52-week high of $553.64.
Monolithic Power Systems Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $4.00 annualized dividend and a yield of 0.76%. Monolithic Power Systems’s dividend payout ratio is currently 41.45%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Oppenheimer decreased their price target on shares of Monolithic Power Systems from $525.00 to $475.00 in a report on Friday, May 5th. Wells Fargo & Company reduced their target price on shares of Monolithic Power Systems from $525.00 to $510.00 in a research note on Friday, May 5th. Needham & Company LLC reduced their target price on shares of Monolithic Power Systems from $525.00 to $500.00 in a research note on Friday, May 5th. TD Cowen reduced their target price on shares of Monolithic Power Systems from $550.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Monolithic Power Systems from $505.00 to $475.00 in a research note on Friday, May 5th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $522.67.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. JB Capital LLC raised its holdings in Monolithic Power Systems by 1.8% in the 4th quarter. JB Capital LLC now owns 1,368 shares of the semiconductor company’s stock valued at $484,000 after acquiring an additional 24 shares during the period. New York Life Investment Management LLC raised its holdings in Monolithic Power Systems by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 6,380 shares of the semiconductor company’s stock valued at $2,256,000 after acquiring an additional 26 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in Monolithic Power Systems by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 5,010 shares of the semiconductor company’s stock valued at $2,508,000 after acquiring an additional 27 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Monolithic Power Systems by 26.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 133 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 28 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Monolithic Power Systems by 0.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,411 shares of the semiconductor company’s stock valued at $1,206,000 after acquiring an additional 29 shares during the period. 98.54% of the stock is owned by institutional investors.
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 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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