Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Sells $51,000.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $510.00, for a total transaction of $51,000.00. Following the completion of the transaction, the director now owns 1,693 shares in the company, valued at approximately $863,430. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kuo Wei Herbert Chang also recently made the following trade(s):

• On Tuesday, August 29th, Kuo Wei Herbert Chang sold 500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $500.00, for a total transaction of $250,000.00.

Monolithic Power Systems Trading Up 2.3 %

NASDAQ:MPWR opened at $547.60 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $336.63 and a twelve month high of $595.98. The company has a market cap of $26.25 billion, a price-to-earnings ratio of 59.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.16. The stock has a fifty day simple moving average of $464.78 and a 200-day simple moving average of $490.48.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $4.00 annualized dividend and a dividend yield of 0.73%. Monolithic Power Systems’s dividend payout ratio (DPR) is 43.34%.

Institutional Trading of Monolithic Power Systems

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $27,000. Manchester Capital Management LLC purchased a new position in Monolithic Power Systems in the first quarter valued at about $28,000. Achmea Investment Management B.V. purchased a new position in Monolithic Power Systems in the first quarter valued at about $27,000. Washington Trust Advisors Inc. purchased a new position in Monolithic Power Systems in the second quarter valued at about $34,000. Finally, Federated Hermes Inc. grew its stake in Monolithic Power Systems by 622.2% in the first quarter. Federated Hermes Inc. now owns 65 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 56 shares during the last quarter. 96.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MPWR shares. Truist Financial decreased their target price on shares of Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $510.00 to $575.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Wolfe Research started coverage on shares of Monolithic Power Systems in a research note on Wednesday, July 19th. They set a “market perform” rating on the stock. Stifel Nicolaus restated a “buy” rating and set a $600.00 target price on shares of Monolithic Power Systems in a research note on Tuesday, October 31st. Finally, Needham & Company LLC decreased their target price on shares of Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $551.08.

About Monolithic Power Systems

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.