Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $561,620.10 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. This represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were 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 Trading Down 4.1 %

Shares of NASDAQ MPWR opened at $576.79 on Friday. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 65.03, a PEG ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a one year low of $532.86 and a one year high of $959.64. The business has a fifty day simple moving average of $866.42 and a 200 day simple moving average of $828.49.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) 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 analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Concurrent Investment Advisors LLC raised its stake in shares of Monolithic Power Systems by 11.0% in the first quarter. Concurrent Investment Advisors LLC now owns 363 shares of the semiconductor company’s stock worth $246,000 after acquiring an additional 36 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Monolithic Power Systems by 10.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 401 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 39 shares during the period. ProShare Advisors LLC boosted its holdings in Monolithic Power Systems by 11.8% during the first quarter. ProShare Advisors LLC now owns 14,055 shares of the semiconductor company’s stock worth $9,521,000 after buying an additional 1,489 shares during the last quarter. Entropy Technologies LP acquired a new position in Monolithic Power Systems during the first quarter valued at approximately $1,173,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Monolithic Power Systems by 61.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock valued at $2,010,000 after buying an additional 1,124 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Truist Financial reissued a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Raymond James lifted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Loop Capital assumed coverage on Monolithic Power Systems in a research note on Monday. They issued a “hold” rating and a $660.00 price target for the company. Finally, TD Cowen cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $916.73.

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.