Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $561,620.10 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 734 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares of the company’s stock, valued at $42,805,551.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, November 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00.
• On Tuesday, October 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00.
• On Tuesday, September 3rd, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded down $42.63 during trading hours on Wednesday, reaching $601.47. 1,606,961 shares of the stock traded hands, compared to its average volume of 582,189. The stock has a 50 day simple moving average of $871.40 and a two-hundred day simple moving average of $830.09. Monolithic Power Systems, Inc. has a 1 year low of $523.64 and a 1 year high of $959.64. The company has a market cap of $29.34 billion, a price-to-earnings ratio of 69.66, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.83%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $950.00 target price on shares of Monolithic Power Systems in a report on Tuesday. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Raymond James lifted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Truist Financial reaffirmed a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $916.73.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds and other institutional investors have recently modified their holdings of MPWR. Dynamic Advisor Solutions LLC increased its stake in Monolithic Power Systems by 3.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Monolithic Power Systems by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after buying an additional 12 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after buying an additional 12 shares during the period. Greenleaf Trust raised its holdings in Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after buying an additional 14 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 14 shares during the period. Institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.