Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) CFO Sells 3,000 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $940.47, for a total transaction of $2,821,410.00. Following the completion of the sale, the chief financial officer owned 68,332 shares in the company, valued at $64,264,196.04. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 1st, Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $908.21, for a total value of $2,724,630.00.
• On Monday, November 3rd, Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,024.43, for a total transaction of $3,073,290.00.

Monolithic Power Systems Stock Up 5.3%

NASDAQ:MPWR traded up $50.35 during mid-day trading on Tuesday, hitting $1,005.38. 658,792 shares of the company traded hands, compared to its average volume of 641,829. The stock’s fifty day moving average price is $948.36 and its 200-day moving average price is $878.68. The firm has a market cap of $48.16 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 2.66 and a beta of 1.45. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. During the same quarter in the previous year, the firm earned $4.06 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 15.93%.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently made changes to their positions in MPWR. True Wealth Design LLC grew its position in shares of Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. NewSquare Capital LLC raised its position in Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 19 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Monolithic Power Systems during the third quarter worth about $33,000. Finally, IFP Advisors Inc grew its holdings in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several recent analyst reports. TD Cowen raised their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the company an “outperform” rating in a report on Tuesday, October 14th. Rosenblatt Securities boosted their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus target price of $1,074.58.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.