Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing Sells 2,790 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) CEO Michael Hsing sold 2,790 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $1,897,200.00. Following the transaction, the chief executive officer now owns 915,193 shares in the company, valued at $622,331,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael Hsing also recently made the following trade(s):

  • On Thursday, February 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00.
  • On Thursday, January 4th, Michael Hsing sold 58,654 shares of Monolithic Power Systems stock. The stock was sold at an average price of $583.14, for a total transaction of $34,203,493.56.

Monolithic Power Systems Trading Up 2.1 %

Shares of NASDAQ MPWR opened at $752.31 on Friday. The company has a market cap of $36.55 billion, a PE ratio of 85.88, a P/E/G ratio of 6.84 and a beta of 1.22. The stock has a 50 day simple moving average of $613.65 and a 200-day simple moving average of $535.67. Monolithic Power Systems, Inc. has a 12-month low of $383.19 and a 12-month high of $761.50.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.25 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.00 annualized dividend and a yield of 0.66%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 45.66%.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently bought and sold shares of the stock. Achmea Investment Management B.V. bought a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $27,000. Carolinas Wealth Consulting LLC bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. bought a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $37,000. Arlington Trust Co LLC boosted its position in shares of Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 96.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Truist Financial reduced their target price on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Oppenheimer boosted their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. TD Cowen raised their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Needham & Company LLC increased their target price on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $668.30.

Check Out Our Latest Research Report on MPWR

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

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