Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $13,319.90 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 110 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $121.09, for a total value of $13,319.90. Following the transaction, the chief financial officer now owns 40,884 shares of the company’s stock, valued at approximately $4,950,643.56. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Friday, December 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The stock was sold at an average price of $117.91, for a total value of $54,120.69.
  • On Monday, November 20th, Theodore Blegen sold 79 shares of Monolithic Power Systems stock. The stock was sold at an average price of $122.75, for a total value of $9,697.25.
  • On Monday, October 30th, Theodore Blegen sold 462 shares of Monolithic Power Systems stock. The stock was sold at an average price of $120.68, for a total value of $55,754.16.
  • 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 value of $46,551.78.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) traded up $0.02 during trading hours on Thursday, reaching $111.26. 409,993 shares of the company traded hands, compared to its average volume of 276,536. The firm has a market cap of $4,618.34, a P/E ratio of 67.42, a P/E/G ratio of 3.44 and a beta of 1.26. Monolithic Power Systems, Inc. has a twelve month low of $78.62 and a twelve month high of $126.80.

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

A number of institutional investors have recently added to or reduced their stakes in MPWR. Quantbot Technologies LP bought a new position in Monolithic Power Systems in the 2nd quarter valued at about $121,000. D.A. Davidson & CO. raised its holdings in Monolithic Power Systems by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Monolithic Power Systems by 115.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 832 shares during the period. Fortaleza Asset Management Inc. increased its holdings in shares of Monolithic Power Systems by 50.2% during the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 640 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 897 shares during the period. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on MPWR shares. BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. KeyCorp restated a “buy” rating and set a $115.00 price objective on shares of Monolithic Power Systems in a research note on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and set a $117.00 price objective on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. Finally, SunTrust Banks assumed coverage on shares of Monolithic Power Systems in a research note on Tuesday, October 10th. They set a “buy” rating and a $132.00 price objective for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Monolithic Power Systems has a consensus rating of “Buy” and a consensus price target of $129.25.

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Monolithic Power Systems Company Profile

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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