Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $2,260,500.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. The transaction 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 Thursday, August 8th, Theodore Blegen sold 728 shares of Monolithic Power Systems stock. The shares were sold at an average price of $778.39, for a total value of $566,667.92.
• On Thursday, August 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00.
• On Monday, July 22nd, Theodore Blegen sold 2,580 shares of Monolithic Power Systems stock. The shares were sold at an average price of $831.58, for a total value of $2,145,476.40.
• On Monday, July 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $804.19, for a total value of $2,010,475.00.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $841.49 on Friday. The company has a market cap of $40.96 billion, a P/E ratio of 100.30, a P/E/G ratio of 4.32 and a beta of 1.12. The business’s 50 day moving average price is $853.93 and its 200-day moving average price is $764.28. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company had revenue of $507.40 million during the quarter, compared to analysts’ expectations of $490.66 million. During the same quarter in the previous year, the business earned $2.05 EPS. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of Monolithic Power Systems by 3.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after buying an additional 12 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 1.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after buying an additional 12 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of Monolithic Power Systems by 0.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after buying an additional 14 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after buying an additional 15 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 2.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after buying an additional 15 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MPWR has been the topic of several recent analyst reports. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Raymond James lifted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Truist Financial lifted their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC lifted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $912.30.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.