Monolithic Power Systems, Inc. (MPWR) CFO Theodore Blegen Sells 462 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 462 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $120.68, for a total transaction of $55,754.16. Following the transaction, the chief financial officer now owns 41,160 shares of the company’s stock, valued at $4,967,188.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, September 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The stock was sold at an average price of $101.42, for a total transaction of $46,551.78.
  • On Friday, August 18th, Theodore Blegen sold 188 shares of Monolithic Power Systems stock. The stock was sold at an average price of $99.31, for a total transaction of $18,670.28.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $121.80 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $75.08 and a 1 year high of $125.75. The firm has a market cap of $5,056.77, a price-to-earnings ratio of 73.82, a P/E/G ratio of 3.77 and a beta of 1.28.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $128.90 million for the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. Monolithic Power Systems’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. analysts expect that Monolithic Power Systems, Inc. will post 1.8 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.66%. Monolithic Power Systems’s payout ratio is currently 49.69%.

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Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Monolithic Power Systems by 25,140.6% in the 1st quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock worth $385,591,000 after buying an additional 4,170,068 shares in the last quarter. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,118,538 shares of the semiconductor company’s stock valued at $300,627,000 after purchasing an additional 85,754 shares during the last quarter. State Street Corp raised its stake in Monolithic Power Systems by 3.7% in the 2nd quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock valued at $131,351,000 after purchasing an additional 48,013 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in Monolithic Power Systems by 4.1% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock valued at $128,958,000 after purchasing an additional 47,751 shares during the last quarter. Finally, Wasatch Advisors Inc. raised its stake in Monolithic Power Systems by 4.7% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,017,256 shares of the semiconductor company’s stock valued at $98,063,000 after purchasing an additional 46,077 shares during the last quarter. Institutional investors own 93.32% of the company’s stock.

Several brokerages have weighed in on MPWR. Zacks Investment Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price for the company in a research note on Thursday, November 2nd. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. KeyCorp reaffirmed a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. raised their target price on shares of Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $126.00.

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.

Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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