Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 2,500 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the sale, the chief financial officer now directly owns 64,906 shares in the company, valued at $55,333,014.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction of $2,145,476.40.
• On Monday, July 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $804.19, for a total transaction of $2,010,475.00.
• On Monday, June 3rd, Theodore Blegen sold 2,416 shares of Monolithic Power Systems stock. The shares were sold at an average price of $731.43, for a total transaction of $1,767,134.88.
• On Wednesday, May 8th, Theodore Blegen sold 737 shares of Monolithic Power Systems stock. The shares were sold at an average price of $689.98, for a total transaction of $508,515.26.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $795.76 on Monday. The company has a fifty day moving average of $810.38 and a 200 day moving average of $729.24. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $891.67. The company has a market capitalization of $38.74 billion, a P/E ratio of 94.85, a P/E/G ratio of 3.92 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The company had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same quarter last year, the company earned $2.05 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Analysts forecast that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.63%. Monolithic Power Systems’s payout ratio is 59.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MPWR. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Truist Financial upped their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday. Finally, Raymond James boosted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $862.30.

Institutional Trading of Monolithic Power Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC increased its holdings in shares of Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares during the last quarter. Baader Bank Aktiengesellschaft raised its holdings in shares of Monolithic Power Systems by 0.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after acquiring an additional 14 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Monolithic Power Systems by 23.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 15 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Monolithic Power Systems by 2.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after acquiring an additional 15 shares in the last quarter. Finally, American National Bank raised its holdings in shares of Monolithic Power Systems by 1.5% during the 4th quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock worth $669,000 after acquiring an additional 16 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

About Monolithic Power Systems

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.