Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director directly owned 515 shares of the company's stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Kuo Wei Herbert Chang also recently made the following trade(s):
- On Tuesday, August 11th, Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00.
Monolithic Power Systems Stock Performance
Shares of NASDAQ MPWR opened at $1,304.15 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The company has a 50 day simple moving average of $1,362.15 and a two-hundred day simple moving average of $1,349.28. The company has a market capitalization of $64.09 billion, a price-to-earnings ratio of 79.96 and a beta of 1.69.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. The firm had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business's revenue for the quarter was up 47.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.21 EPS. On average, analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems's payout ratio is presently 49.05%.
Analysts Set New Price Targets
A number of research firms have recently commented on MPWR. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the stock a "buy" rating in a research note on Thursday, August 20th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. TD Cowen increased their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average price target of $1,731.42.
Check Out Our Latest Research Report on Monolithic Power Systems
Institutional Trading of Monolithic Power Systems
Institutional investors and hedge funds have recently modified their holdings of the business. Fideuram Asset Management Ireland dac purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at $3,983,000. Mirabaud Asset Management Ltd purchased a new position in Monolithic Power Systems in the 4th quarter worth about $4,424,000. Baker Avenue Asset Management LP raised its position in Monolithic Power Systems by 436.6% in the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company's stock worth $2,884,000 after buying an additional 2,589 shares during the last quarter. Norges Bank purchased a new position in Monolithic Power Systems in the 4th quarter worth about $658,656,000. Finally, Vest Financial LLC lifted its stake in Monolithic Power Systems by 35.2% during the 4th quarter. Vest Financial LLC now owns 66,613 shares of the semiconductor company's stock valued at $60,375,000 after acquiring an additional 17,336 shares during the period. Institutional investors own 93.46% of the company's stock.
Monolithic Power Systems Company Profile
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Get Free Report)
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.
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