Theodore Blegen Sells 1,611 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 1,611 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $181.07, for a total value of $291,703.77. Following the completion of the transaction, the chief financial officer now owns 146,896 shares of the company’s stock, valued at $26,598,458.72. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Thursday, February 6th, Theodore Blegen sold 12,096 shares of Monolithic Power Systems stock. The stock was sold at an average price of $183.75, for a total value of $2,222,640.00.
  • On Tuesday, January 21st, Theodore Blegen sold 1,784 shares of Monolithic Power Systems stock. The shares were sold at an average price of $181.12, for a total value of $323,118.08.
  • On Tuesday, January 7th, Theodore Blegen sold 915 shares of Monolithic Power Systems stock. The shares were sold at an average price of $176.99, for a total value of $161,945.85.
  • On Monday, December 2nd, Theodore Blegen sold 915 shares of Monolithic Power Systems stock. The shares were sold at an average price of $161.65, for a total value of $147,909.75.
  • On Monday, November 18th, Theodore Blegen sold 49 shares of Monolithic Power Systems stock. The shares were sold at an average price of $161.74, for a total value of $7,925.26.

NASDAQ MPWR opened at $191.19 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $114.84 and a 1-year high of $193.10. The stock has a 50-day moving average of $179.85 and a 200-day moving average of $162.16. The firm has a market cap of $8.31 billion, a PE ratio of 80.67, a price-to-earnings-growth ratio of 2.35 and a beta of 1.62.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The company had revenue of $166.74 million during the quarter, compared to analyst estimates of $163.09 million. Monolithic Power Systems had a return on equity of 15.07% and a net margin of 17.33%. Monolithic Power Systems’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 EPS. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 3.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.50 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.05%. Monolithic Power Systems’s dividend payout ratio is presently 63.24%.

A number of equities research analysts have recently weighed in on MPWR shares. Oppenheimer boosted their target price on Monolithic Power Systems from to in a research note on Thursday, January 30th. Raymond James boosted their target price on Monolithic Power Systems from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th. Loop Capital reissued a “buy” rating and issued a $210.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Finally, Cowen boosted their target price on Monolithic Power Systems from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Monolithic Power Systems presently has an average rating of “Buy” and an average price target of $194.38.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maverick Capital Ltd. bought a new position in Monolithic Power Systems during the 3rd quarter valued at approximately $1,160,000. Comerica Bank raised its position in Monolithic Power Systems by 1.0% during the 3rd quarter. Comerica Bank now owns 23,788 shares of the semiconductor company’s stock valued at $3,574,000 after purchasing an additional 244 shares during the last quarter. Tygh Capital Management Inc. bought a new position in Monolithic Power Systems during the 3rd quarter valued at approximately $4,815,000. Retirement Systems of Alabama raised its position in Monolithic Power Systems by 1.5% during the 3rd quarter. Retirement Systems of Alabama now owns 52,279 shares of the semiconductor company’s stock valued at $8,136,000 after purchasing an additional 755 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Monolithic Power Systems by 4.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 118,478 shares of the semiconductor company’s stock valued at $18,439,000 after purchasing an additional 5,057 shares during the last quarter. 96.77% of the stock is owned by institutional investors and hedge funds.

About Monolithic Power Systems

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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Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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