Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,199 shares of the semiconductor company’s stock after purchasing an additional 493 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Monolithic Power Systems were worth $31,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MPWR. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,872,963 shares of the semiconductor company’s stock valued at $2,366,701,000 after acquiring an additional 78,909 shares in the last quarter. State Street Corp increased its holdings in shares of Monolithic Power Systems by 3.0% during the first quarter. State Street Corp now owns 1,811,967 shares of the semiconductor company’s stock valued at $908,748,000 after purchasing an additional 53,355 shares during the period. FMR LLC raised its stake in shares of Monolithic Power Systems by 20.0% during the first quarter. FMR LLC now owns 1,757,149 shares of the semiconductor company’s stock valued at $879,524,000 after purchasing an additional 293,326 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Monolithic Power Systems by 1.9% in the first quarter. Franklin Resources Inc. now owns 1,707,607 shares of the semiconductor company’s stock worth $854,726,000 after purchasing an additional 32,399 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its position in Monolithic Power Systems by 140,338.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock valued at $362,025,000 after buying an additional 1,023,068 shares in the last quarter. Institutional investors own 96.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MPWR. Needham & Company LLC dropped their price target on shares of Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Truist Financial cut their target price on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. StockNews.com assumed coverage on Monolithic Power Systems in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Oppenheimer boosted their price objective on Monolithic Power Systems from $500.00 to $600.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $580.00 target price on shares of Monolithic Power Systems in a research note on Friday, October 27th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $551.08.

Monolithic Power Systems Trading Up 0.6 %

MPWR stock opened at $540.02 on Monday. The firm has a 50-day moving average of $466.67 and a two-hundred day moving average of $492.02. The firm has a market capitalization of $25.88 billion, a PE ratio of 58.51, a P/E/G ratio of 5.79 and a beta of 1.16. Monolithic Power Systems, Inc. has a one year low of $336.63 and a one year high of $595.98.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio is 43.34%.

Insiders Place Their Bets

In other Monolithic Power Systems news, VP Maurice Sciammas sold 4,305 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $458.30, for a total transaction of $1,972,981.50. Following the completion of the sale, the vice president now directly owns 184,059 shares in the company, valued at approximately $84,354,239.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael Hsing sold 10,960 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $458.30, for a total value of $5,022,968.00. Following the transaction, the chief executive officer now owns 1,003,006 shares in the company, valued at $459,677,649.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Maurice Sciammas sold 4,305 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $458.30, for a total transaction of $1,972,981.50. Following the transaction, the vice president now owns 184,059 shares in the company, valued at approximately $84,354,239.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,750 shares of company stock worth $12,620,019. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems 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.