Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 2,500 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the sale, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at $53,754,928.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

Monolithic Power Systems Trading Up 4.0 %

Shares of NASDAQ MPWR traded up $35.26 during midday trading on Wednesday, reaching $927.07. The company had a trading volume of 94,610 shares, compared to its average volume of 533,776. The stock has a market cap of $45.13 billion, a P/E ratio of 106.29, a P/E/G ratio of 4.13 and a beta of 1.12. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The business’s 50-day simple moving average is $871.47 and its 200 day simple moving average is $786.57.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same period in the prior year, the company earned $2.05 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. Analysts predict that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.54%. Monolithic Power Systems’s payout ratio is currently 59.59%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MPWR. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Oppenheimer increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Truist Financial reiterated a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday. Finally, TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Buy” and an average target price of $959.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Monolithic Power Systems by 19.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after buying an additional 9,125 shares during the period. Cim LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $2,197,000. Cetera Investment Advisers increased its position in shares of Monolithic Power Systems by 237.3% in the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after buying an additional 4,760 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Monolithic Power Systems by 4.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock valued at $77,970,000 after buying an additional 5,335 shares in the last quarter. Finally, Czech National Bank increased its holdings in Monolithic Power Systems by 9.8% in the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after acquiring an additional 824 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.