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

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,199 shares of the semiconductor company’s stock after purchasing an additional 493 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.12% of Monolithic Power Systems worth $31,944,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MPWR. Quadrant Capital Group LLC lifted its position in shares of Monolithic Power Systems by 5.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 451 shares of the semiconductor company’s stock worth $244,000 after buying an additional 24 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Monolithic Power Systems by 10.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,972 shares of the semiconductor company’s stock worth $12,408,000 after purchasing an additional 2,244 shares during the period. Artisan Partners Limited Partnership increased its stake in Monolithic Power Systems by 6.0% in the second quarter. Artisan Partners Limited Partnership now owns 860,669 shares of the semiconductor company’s stock valued at $464,959,000 after purchasing an additional 48,365 shares during the period. Checchi Capital Advisers LLC acquired a new position in Monolithic Power Systems in the second quarter valued at $227,000. Finally, Cetera Advisors LLC boosted its stake in shares of Monolithic Power Systems by 30.1% during the second quarter. Cetera Advisors LLC now owns 981 shares of the semiconductor company’s stock worth $530,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 96.52% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $540.02 on Monday. Monolithic Power Systems, Inc. has a fifty-two week low of $336.63 and a fifty-two week high of $595.98. The firm has a market capitalization of $25.88 billion, a price-to-earnings ratio of 58.51, a price-to-earnings-growth ratio of 5.79 and a beta of 1.16. The stock’s fifty day moving average is $466.67 and its two-hundred day moving average is $492.02.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued 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 yield of 0.74%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 43.34%.

Analysts Set New Price Targets

MPWR has been the topic of several recent research reports. StockNews.com started coverage on Monolithic Power Systems in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Wells Fargo & Company upped their price target on Monolithic Power Systems from $510.00 to $575.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Needham & Company LLC cut their price objective on shares of Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $600.00 target price on shares of Monolithic Power Systems in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $551.08.

Insiders Place Their Bets

In related news, CEO Michael Hsing sold 10,960 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $458.30, for a total transaction of $5,022,968.00. Following the completion of the transaction, the chief executive officer now directly owns 1,003,006 shares in the company, valued at approximately $459,677,649.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael Hsing sold 10,960 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $458.30, for a total transaction of $5,022,968.00. Following the sale, the chief executive officer now owns 1,003,006 shares of the company’s stock, valued at $459,677,649.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were 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 directly owns 1,693 shares of the company’s stock, valued at approximately $863,430. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,750 shares of company stock worth $12,620,019. 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.