Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 999 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 999 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $156.58, for a total transaction of $156,423.42. Following the sale, the chief financial officer now owns 95,998 shares in the company, valued at $15,031,366.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, August 19th, Theodore Blegen sold 50 shares of Monolithic Power Systems stock. The shares were sold at an average price of $154.00, for a total transaction of $7,700.00.
  • On Thursday, August 8th, Theodore Blegen sold 1,665 shares of Monolithic Power Systems stock. The shares were sold at an average price of $150.42, for a total transaction of $250,449.30.
  • On Monday, July 22nd, Theodore Blegen sold 1,041 shares of Monolithic Power Systems stock. The stock was sold at an average price of $146.22, for a total transaction of $152,215.02.
  • On Monday, July 1st, Theodore Blegen sold 905 shares of Monolithic Power Systems stock. The stock was sold at an average price of $139.56, for a total transaction of $126,301.80.

NASDAQ MPWR traded up $4.61 during trading on Wednesday, hitting $157.52. 187,661 shares of the company’s stock were exchanged, compared to its average volume of 297,743. The company has a market cap of $6.65 billion, a PE ratio of 65.91, a P/E/G ratio of 2.44 and a beta of 1.63. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $161.50. The stock’s 50 day moving average price is $150.14 and its two-hundred day moving average price is $140.31.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The company had revenue of $151.00 million during the quarter, compared to the consensus estimate of $150.56 million. During the same period last year, the company posted $0.90 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 2.52 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its stake in shares of Monolithic Power Systems by 0.5% in the 2nd quarter. LPL Financial LLC now owns 13,232 shares of the semiconductor company’s stock valued at $1,797,000 after acquiring an additional 68 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Monolithic Power Systems by 1.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,300 shares of the semiconductor company’s stock worth $991,000 after purchasing an additional 80 shares in the last quarter. Connable Office Inc. increased its holdings in Monolithic Power Systems by 3.2% in the 1st quarter. Connable Office Inc. now owns 2,898 shares of the semiconductor company’s stock worth $393,000 after purchasing an additional 91 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Monolithic Power Systems by 1.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,956 shares of the semiconductor company’s stock valued at $942,000 after purchasing an additional 109 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Monolithic Power Systems by 1.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,573 shares of the semiconductor company’s stock valued at $1,300,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday. Loop Capital started coverage on shares of Monolithic Power Systems in a research report on Tuesday, June 18th. They set a “buy” rating and a $144.00 price objective for the company. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $150.63.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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