Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $669,963.49 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 1,897 shares of the business’s stock in a transaction on Monday, June 21st. The stock was sold at an average price of $353.17, for a total transaction of $669,963.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, May 12th, Theodore Blegen sold 1,437 shares of Monolithic Power Systems stock. The stock was sold at an average price of $311.82, for a total transaction of $448,085.34.
  • On Monday, May 10th, Theodore Blegen sold 1,562 shares of Monolithic Power Systems stock. The stock was sold at an average price of $326.40, for a total transaction of $509,836.80.
  • On Tuesday, April 20th, Theodore Blegen sold 1,897 shares of Monolithic Power Systems stock. The shares were sold at an average price of $364.86, for a total transaction of $692,139.42.
  • On Thursday, April 1st, Theodore Blegen sold 905 shares of Monolithic Power Systems stock. The stock was sold at an average price of $364.78, for a total transaction of $330,125.90.

Shares of MPWR stock opened at $359.35 on Friday. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 97.92, a P/E/G ratio of 3.11 and a beta of 0.89. Monolithic Power Systems, Inc. has a 1-year low of $215.93 and a 1-year high of $406.75. The business’s fifty day moving average is $345.48.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, May 4th. The semiconductor company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.12. Monolithic Power Systems had a net margin of 18.65% and a return on equity of 18.23%. The company had revenue of $254.50 million for the quarter, compared to the consensus estimate of $242.43 million. During the same period last year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 4.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th will be given a $0.60 dividend. The ex-dividend date is Tuesday, June 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.67%. Monolithic Power Systems’s payout ratio is currently 68.18%.

Several analysts have recently commented on MPWR shares. Needham & Company LLC reiterated a “buy” rating and issued a $415.00 price target on shares of Monolithic Power Systems in a research report on Tuesday, March 23rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Monolithic Power Systems from $400.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 5th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $381.90.

Institutional investors have recently bought and sold shares of the company. Vontobel Holding Ltd. lifted its position in shares of Monolithic Power Systems by 61.7% in the 1st quarter. Vontobel Holding Ltd. now owns 13,522 shares of the semiconductor company’s stock worth $4,776,000 after buying an additional 5,161 shares during the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Monolithic Power Systems in the 1st quarter worth about $5,270,000. Cibc World Markets Corp lifted its position in Monolithic Power Systems by 42.2% in the 1st quarter. Cibc World Markets Corp now owns 7,537 shares of the semiconductor company’s stock valued at $2,662,000 after purchasing an additional 2,237 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Monolithic Power Systems by 13.8% in the 4th quarter. Handelsbanken Fonder AB now owns 7,444 shares of the semiconductor company’s stock valued at $2,726,000 after purchasing an additional 900 shares during the last quarter. Finally, Swiss National Bank lifted its position in Monolithic Power Systems by 2.2% in the 1st quarter. Swiss National Bank now owns 164,800 shares of the semiconductor company’s stock valued at $58,209,000 after purchasing an additional 3,600 shares during the last quarter. Institutional investors own 92.58% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications 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 and notebooks, monitors, infotainment applications, and medical equipment.

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