Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) insider Deming Xiao sold 4,305 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $537.79, for a total value of $2,315,185.95. Following the completion of the sale, the insider now owns 268,247 shares of the company’s stock, valued at $144,260,554.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Deming Xiao also recently made the following trade(s):
- On Thursday, May 4th, Deming Xiao sold 991 shares of Monolithic Power Systems stock. The shares were sold at an average price of $459.60, for a total value of $455,463.60.
Monolithic Power Systems Trading Down 3.6 %
MPWR stock opened at $523.26 on Thursday. The stock’s fifty day simple moving average is $481.11 and its two-hundred day simple moving average is $460.49. Monolithic Power Systems, Inc. has a 1-year low of $301.69 and a 1-year high of $553.64. The stock has a market cap of $24.80 billion, a P/E ratio of 54.22, a P/E/G ratio of 2.33 and a beta of 1.13.
Monolithic Power Systems Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.76%. Monolithic Power Systems’s dividend payout ratio is presently 41.45%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. JB Capital LLC lifted its position in shares of Monolithic Power Systems by 1.8% during the 4th quarter. JB Capital LLC now owns 1,368 shares of the semiconductor company’s stock valued at $484,000 after buying an additional 24 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of Monolithic Power Systems by 0.4% during 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 buying an additional 26 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Monolithic Power Systems by 0.5% during 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 buying an additional 27 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Monolithic Power Systems by 26.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 133 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 28 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Monolithic Power Systems by 0.9% during 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 buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently commented on MPWR. StockNews.com began coverage on Monolithic Power Systems in a report on Thursday, May 18th. They set a “hold” rating for the company. Wells Fargo & Company decreased their price objective on Monolithic Power Systems from $525.00 to $510.00 in a report on Friday, May 5th. TD Cowen cut their target price on Monolithic Power Systems from $550.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Oppenheimer cut their target price on Monolithic Power Systems from $525.00 to $475.00 in a research report on Friday, May 5th. Finally, Needham & Company LLC cut their target price on Monolithic Power Systems from $525.00 to $500.00 in a research report on Friday, May 5th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $522.67.
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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