Monolithic Power Systems, Inc. (MPWR) CFO Sells 7,564 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 7,564 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $108.19, for a total transaction of $818,349.16. Following the sale, the chief financial officer now owns 65,431 shares of the company’s stock, valued at approximately $7,078,979.89. The transaction 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 Tuesday, January 30th, Theodore Blegen sold 450 shares of Monolithic Power Systems stock. The shares were sold at an average price of $120.66, for a total transaction of $54,297.00.
  • On Friday, December 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The shares were sold at an average price of $117.91, for a total transaction of $54,120.69.
  • On Monday, November 20th, Theodore Blegen sold 79 shares of Monolithic Power Systems stock. The shares were sold at an average price of $122.75, for a total transaction of $9,697.25.
  • On Thursday, November 16th, Theodore Blegen sold 110 shares of Monolithic Power Systems stock. The shares were sold at an average price of $121.09, for a total transaction of $13,319.90.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $112.99 on Thursday. The company has a market cap of $4,573.79, a PE ratio of 75.83, a PEG ratio of 2.38 and a beta of 1.27. Monolithic Power Systems, Inc. has a 12-month low of $84.45 and a 12-month high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The business had revenue of $129.43 million during the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. sell-side analysts forecast that Monolithic Power Systems, Inc. will post 2.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio is currently 53.69%.

Several analysts have weighed in on MPWR shares. KeyCorp reiterated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research note on Friday, October 27th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Deutsche Bank boosted their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $129.25.

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Monolithic Power Systems by 3.7% during the second quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock worth $131,351,000 after acquiring an additional 48,013 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Monolithic Power Systems by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 1,306,095 shares of the semiconductor company’s stock worth $146,759,000 after acquiring an additional 74,118 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Monolithic Power Systems by 4.1% during the third quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock worth $128,958,000 after acquiring an additional 47,751 shares during the last quarter. Earnest Partners LLC grew its position in shares of Monolithic Power Systems by 0.4% during the third quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock worth $105,312,000 after acquiring an additional 3,973 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Monolithic Power Systems by 103.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 836,929 shares of the semiconductor company’s stock worth $94,038,000 after acquiring an additional 426,360 shares during the last quarter. Institutional investors and hedge funds own 92.25% of the company’s stock.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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