Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 2,500 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, November 8th, Theodore Blegen sold 734 shares of Monolithic Power Systems stock. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10.
• On Friday, November 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $772.96, for a total value 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 value of $2,270,900.00.

Monolithic Power Systems Stock Performance

Shares of MPWR traded up $28.50 on Wednesday, hitting $623.82. 948,107 shares of the stock traded hands, compared to its average volume of 621,562. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company has a market capitalization of $30.43 billion, a PE ratio of 70.33, a P/E/G ratio of 2.81 and a beta of 1.05. The business has a 50 day simple moving average of $743.45 and a 200 day simple moving average of $809.31.

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

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.80%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Institutional Trading of Monolithic Power Systems

A number of institutional investors have recently made changes to their positions in MPWR. Assetmark Inc. lifted its position in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares during the period. EULAV Asset Management grew its position in Monolithic Power Systems by 8.6% in the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after purchasing an additional 8,600 shares during the period. Empowered Funds LLC raised its stake in Monolithic Power Systems by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after buying an additional 909 shares during the last quarter. FMR LLC lifted its holdings in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Monolithic Power Systems in the 3rd quarter worth $54,201,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MPWR. Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Citigroup assumed coverage on shares of Monolithic Power Systems in a report on Wednesday. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $828.67.

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.