Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 734 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the sale, the chief financial officer now owns 55,944 shares of the company’s stock, valued at $42,805,551.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Theodore Blegen also recently made the following trade(s):

• On Friday, November 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00.
• On Tuesday, October 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00.
• On Tuesday, September 3rd, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $601.47 on Thursday. The stock has a market capitalization of $29.34 billion, a price-to-earnings ratio of 67.81, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15. The stock’s 50-day simple moving average is $866.42 and its 200 day simple moving average is $828.49. Monolithic Power Systems, Inc. has a 52-week low of $523.64 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.83%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. KeyCorp upped their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $916.73.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors have recently modified their holdings of the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. NBC Securities Inc. increased its position in shares of Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares during the period. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems during the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC boosted its holdings in Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.