Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 459 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $117.91, for a total value of $54,120.69. Following the completion of the transaction, the chief financial officer now directly owns 40,336 shares of the company’s stock, valued at $4,756,017.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Theodore Blegen also recently made the following trade(s):
- On Monday, November 20th, Theodore Blegen sold 79 shares of Monolithic Power Systems stock. The shares were sold at an average price of $122.75, for a total value of $9,697.25.
- On Thursday, November 16th, Theodore Blegen sold 110 shares of Monolithic Power Systems stock. The shares were sold at an average price of $121.09, for a total value of $13,319.90.
- On Monday, October 30th, Theodore Blegen sold 462 shares of Monolithic Power Systems stock. The shares were sold at an average price of $120.68, for a total value of $55,754.16.
Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) remained flat at $$111.24 during trading on Thursday. 256,500 shares of the stock traded hands, compared to its average volume of 276,001. The company has a market capitalization of $4,618.34, a P/E ratio of 67.42, a price-to-earnings-growth ratio of 3.44 and a beta of 1.26. Monolithic Power Systems, Inc. has a 52-week low of $77.45 and a 52-week high of $126.80.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $128.90 million for the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. research analysts anticipate that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Visionary Asset Management Inc. bought a new stake in Monolithic Power Systems during the third quarter worth about $232,000. Neuberger Berman Group LLC raised its holdings in Monolithic Power Systems by 0.8% during the third quarter. Neuberger Berman Group LLC now owns 318,008 shares of the semiconductor company’s stock worth $33,884,000 after acquiring an additional 2,373 shares in the last quarter. California Public Employees Retirement System raised its holdings in Monolithic Power Systems by 2.4% during the third quarter. California Public Employees Retirement System now owns 126,844 shares of the semiconductor company’s stock worth $13,515,000 after acquiring an additional 2,944 shares in the last quarter. Earnest Partners LLC raised its holdings in Monolithic Power Systems by 0.4% during the third quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock worth $105,312,000 after acquiring an additional 3,973 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Monolithic Power Systems during the third quarter worth about $919,000. Institutional investors and hedge funds own 93.90% of the company’s stock.
A number of research analysts have issued reports on MPWR shares. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 target price on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. KeyCorp restated a “buy” rating and issued a $115.00 price target on shares of Monolithic Power Systems in a report on Friday, September 1st. Deutsche Bank boosted their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. SunTrust Banks started coverage on Monolithic Power Systems in a report on Tuesday, October 10th. They issued a “buy” rating and a $132.00 price target on the stock. Finally, Zacks Investment Research upgraded Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $129.25.
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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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