Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 915 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 915 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $161.65, for a total transaction of $147,909.75. Following the completion of the sale, the chief financial officer now directly owns 100,047 shares in the company, valued at approximately $16,172,597.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • 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.
  • On Friday, November 8th, Theodore Blegen sold 1,635 shares of Monolithic Power Systems stock. The shares were sold at an average price of $163.36, for a total value of $267,093.60.
  • On Friday, November 1st, Theodore Blegen sold 221 shares of Monolithic Power Systems stock. The stock was sold at an average price of $151.10, for a total value of $33,393.10.
  • On Monday, October 21st, Theodore Blegen sold 1,056 shares of Monolithic Power Systems stock. The shares were sold at an average price of $143.27, for a total value of $151,293.12.
  • On Tuesday, October 1st, Theodore Blegen sold 1,675 shares of Monolithic Power Systems stock. The shares were sold at an average price of $156.25, for a total value of $261,718.75.
  • On Monday, September 9th, Theodore Blegen sold 999 shares of Monolithic Power Systems stock. The shares were sold at an average price of $156.58, for a total value of $156,423.42.

MPWR stock traded down $0.56 during midday trading on Tuesday, reaching $157.44. 291,407 shares of the company’s stock traded hands, compared to its average volume of 320,702. The firm has a market capitalization of $6.98 billion, a PE ratio of 65.87, a price-to-earnings-growth ratio of 2.82 and a beta of 1.60. The company has a 50-day moving average price of $155.48 and a two-hundred day moving average price of $145.16. Monolithic Power Systems, Inc. has a 52 week low of $106.50 and a 52 week high of $166.24.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. The firm had revenue of $168.80 million during the quarter, compared to analyst estimates of $165.00 million. Monolithic Power Systems had a return on equity of 15.23% and a net margin of 16.93%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 2.28 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of MPWR. BlackRock Inc. grew its holdings in Monolithic Power Systems by 4.0% during the 2nd quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock valued at $598,366,000 after buying an additional 168,988 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Monolithic Power Systems by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,683,123 shares of the semiconductor company’s stock valued at $500,094,000 after purchasing an additional 105,831 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Monolithic Power Systems by 6.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,384,712 shares of the semiconductor company’s stock valued at $188,016,000 after purchasing an additional 86,100 shares in the last quarter. Waddell & Reed Financial Inc. increased its holdings in shares of Monolithic Power Systems by 0.9% in the second quarter. Waddell & Reed Financial Inc. now owns 1,186,682 shares of the semiconductor company’s stock worth $161,128,000 after purchasing an additional 11,093 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Monolithic Power Systems by 91.4% in the second quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock worth $160,615,000 after purchasing an additional 564,907 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

MPWR has been the subject of several recent research reports. Loop Capital set a $180.00 price objective on Monolithic Power Systems and gave the stock a “buy” rating in a report on Friday, September 27th. ValuEngine downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Monolithic Power Systems has a consensus rating of “Hold” and a consensus target price of $153.20.

Monolithic Power Systems Company Profile

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.

Read More: What is the QQQ ETF?

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.