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 the business’s 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 sale, the chief financial officer now directly owns 58,415 shares in the company, valued at approximately $6,850,911.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $118.05 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $87.00 and a fifty-two week high of $126.80. The stock has a market cap of $4,940.00, a PE ratio of 78.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The company had revenue of $129.43 million for the quarter, compared to the consensus estimate of $126.19 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. analysts predict that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $443,000. Envestnet Asset Management Inc. lifted its holdings in shares of Monolithic Power Systems by 3.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,574 shares of the semiconductor company’s stock valued at $1,412,000 after purchasing an additional 431 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $418,000. MetLife Investment Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $4,701,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of Monolithic Power Systems by 16.6% in the fourth quarter. Macquarie Group Ltd. now owns 137,300 shares of the semiconductor company’s stock valued at $15,427,000 after purchasing an additional 19,550 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors.

MPWR has been the topic of a number of research analyst reports. Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. 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 on the stock in a report on Thursday, November 2nd. Finally, KeyCorp reissued a “buy” rating and set a $125.00 price objective on shares of Monolithic Power Systems in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $129.25.

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Monolithic Power Systems Company Profile

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)

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