Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 2,500 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The stock was sold at an average price of $804.19, for a total transaction of $2,010,475.00. Following the sale, the chief financial officer now directly owns 69,986 shares in the company, valued at approximately $56,282,041.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 3rd, Theodore Blegen sold 2,416 shares of Monolithic Power Systems stock. The stock was sold at an average price of $731.43, for a total transaction of $1,767,134.88.
• On Wednesday, May 8th, Theodore Blegen sold 737 shares of Monolithic Power Systems stock. The shares were sold at an average price of $689.98, for a total transaction of $508,515.26.
• On Wednesday, May 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $663.29, for a total transaction of $1,658,225.00.

Monolithic Power Systems Stock Up 1.1 %

NASDAQ:MPWR opened at $828.75 on Wednesday. The company has a market cap of $40.34 billion, a price-to-earnings ratio of 98.78, a price-to-earnings-growth ratio of 4.11 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $856.30. The company has a fifty day simple moving average of $754.34 and a two-hundred day simple moving average of $692.48.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $1.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.60%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MPWR. Baader Bank Aktiengesellschaft raised its holdings in shares of Monolithic Power Systems by 0.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after purchasing an additional 14 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 15 shares in the last quarter. American National Bank lifted its holdings in Monolithic Power Systems by 1.5% during the 4th quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock worth $669,000 after buying an additional 16 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Monolithic Power Systems by 2.0% during the 1st quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 16 shares in the last quarter. Finally, Arlington Capital Management Inc. increased its holdings in shares of Monolithic Power Systems by 1.4% in the 1st quarter. Arlington Capital Management Inc. now owns 1,301 shares of the semiconductor company’s stock valued at $881,000 after acquiring an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Truist Financial upped their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. KeyCorp lifted their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Oppenheimer increased their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $766.00.

About Monolithic Power Systems

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.