Theodore Blegen Sells 1,287 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 1,287 shares of Monolithic Power Systems stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $117.28, for a total transaction of $150,939.36. Following the transaction, the chief financial officer now owns 58,415 shares of the company’s stock, valued at approximately $6,850,911.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 Tuesday, January 30th, Theodore Blegen sold 450 shares of Monolithic Power Systems stock. The stock was 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 stock was sold at an average price of $117.91, for a total transaction of $54,120.69.

Monolithic Power Systems, Inc. (MPWR) traded up $0.03 during trading hours on Thursday, hitting $117.19. 258,867 shares of the stock were exchanged, compared to its average volume of 378,112. The firm has a market capitalization of $4,870.00, a price-to-earnings ratio of 78.13, a PEG ratio of 2.52 and a beta of 1.26. Monolithic Power Systems, Inc. has a twelve month low of $86.84 and a twelve month high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. sell-side analysts forecast that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.30 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, March 28th. Monolithic Power Systems’s payout ratio is currently 53.33%.

MPWR has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research report on Friday, October 27th. Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a research report on Thursday, November 2nd. Finally, BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $129.25.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Simplex Trading LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth $102,000. Captrust Financial Advisors acquired a new stake in Monolithic Power Systems in the fourth quarter valued at $106,000. State of Alaska Department of Revenue acquired a new stake in Monolithic Power Systems in the fourth quarter valued at $120,000. Cerebellum GP LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $127,000. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $201,000. Institutional investors own 90.83% 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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