Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 728 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $495,040.00. Following the completion of the sale, the chief financial officer now directly owns 83,173 shares of the company’s stock, valued at $56,557,640. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Thursday, February 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00.
  • On Thursday, January 4th, Theodore Blegen sold 27,613 shares of Monolithic Power Systems stock. The shares were sold at an average price of $583.14, for a total value of $16,102,244.82.
  • On Tuesday, January 2nd, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $615.71, for a total value of $1,539,275.00.
  • On Monday, December 18th, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $631.36, for a total value of $1,578,400.00.

Monolithic Power Systems Stock Up 2.1 %

MPWR opened at $752.31 on Monday. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $761.50. The stock’s fifty day moving average is $613.65 and its two-hundred day moving average is $535.61. The company has a market capitalization of $36.56 billion, a P/E ratio of 85.88, a PEG ratio of 6.98 and a beta of 1.22.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.66%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MPWR. Achmea Investment Management B.V. purchased a new position in shares of Monolithic Power Systems in the 1st quarter valued at $27,000. Carolinas Wealth Consulting LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $35,000. Sunbelt Securities Inc. purchased a new position in shares of Monolithic Power Systems in the 1st quarter valued at $37,000. Arlington Trust Co LLC increased its holdings in shares of Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 23 shares during the period. Finally, Operose Advisors LLC purchased a new position in Monolithic Power Systems during the 3rd quarter worth $43,000. 96.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. KeyCorp raised their price target on Monolithic Power Systems from $600.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday. Stifel Nicolaus raised their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Rosenblatt Securities raised their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Oppenheimer raised their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Truist Financial decreased their price target on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $668.30.

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About Monolithic Power Systems

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Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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