Monolithic Power Systems, Inc. (MPWR) CFO Sells $54,297.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 450 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $120.66, for a total transaction of $54,297.00. Following the transaction, the chief financial officer now directly owns 40,142 shares in the company, valued at $4,843,533.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, February 12th, Theodore Blegen sold 7,564 shares of Monolithic Power Systems stock. The stock was sold at an average price of $108.19, for a total transaction of $818,349.16.
  • 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 transaction 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 transaction of $9,697.25.
  • On Thursday, November 16th, Theodore Blegen sold 110 shares of Monolithic Power Systems stock. The stock was sold at an average price of $121.09, for a total transaction of $13,319.90.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up $0.06 during trading on Wednesday, reaching $109.97. 409,000 shares of the company were exchanged, compared to its average volume of 351,983. The company has a market cap of $4,573.79, a PE ratio of 74.67, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27. Monolithic Power Systems, Inc. has a 52 week low of $84.45 and a 52 week high of $126.80.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a $0.30 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. Monolithic Power Systems’s payout ratio is 53.69%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Simplex Trading LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $102,000. State of Alaska Department of Revenue purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $120,000. Quantbot Technologies LP purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $121,000. Cerebellum GP LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $127,000. Finally, D.A. Davidson & CO. increased its position in shares of Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares during the last quarter. 92.25% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on MPWR. Deutsche Bank lifted their price target on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a report on Friday, October 27th. Oppenheimer lifted their price target on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $129.25.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/14/monolithic-power-systems-inc-mpwr-cfo-sells-54297-00-in-stock.html.

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)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply