Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $2,270,900.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the transaction, the chief financial officer now owns 59,178 shares of the company’s stock, valued at $53,754,928.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction of $2,260,500.00.
• On Thursday, August 8th, Theodore Blegen sold 728 shares of Monolithic Power Systems stock. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92.
• On Thursday, August 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $852.51, for a total transaction of $2,131,275.00.
• On Monday, July 22nd, Theodore Blegen sold 2,580 shares of Monolithic Power Systems stock. The shares were sold at an average price of $831.58, for a total value of $2,145,476.40.

Monolithic Power Systems Trading Up 1.4 %

Shares of NASDAQ:MPWR opened at $935.61 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The company has a market capitalization of $45.54 billion, a price-to-earnings ratio of 111.51, a PEG ratio of 4.13 and a beta of 1.12. The firm’s 50-day moving average is $879.02 and its 200 day moving average is $790.25.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same period in the prior year, the business posted $2.05 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.53%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MPWR. Family Firm Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter valued at about $25,000. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at approximately $27,000. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems in the second quarter worth approximately $33,000. Crewe Advisors LLC increased 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 worth $35,000 after purchasing an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new position in Monolithic Power Systems during the 2nd quarter worth $36,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MPWR shares. KeyCorp raised their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Raymond James boosted their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $959.90.

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.