Monolithic Power Systems, Inc. (MPWR) CFO Sells $150,939.36 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 1,287 shares of Monolithic Power Systems stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $117.28, for a total transaction of $150,939.36. Following the completion of the sale, the chief financial officer now directly owns 58,415 shares in the company, valued at approximately $6,850,911.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, February 12th, Theodore Blegen sold 7,564 shares of Monolithic Power Systems stock. The shares were sold at an average price of $108.19, for a total transaction of $818,349.16.
  • On Tuesday, January 30th, Theodore Blegen sold 450 shares of Monolithic Power Systems stock. The shares were sold at an average price of $120.66, for a total transaction of $54,297.00.
  • On Friday, December 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The shares were sold at an average price of $117.91, for a total transaction of $54,120.69.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) traded up $0.03 during midday trading on Thursday, hitting $117.19. 258,867 shares of the company traded hands, compared to its average volume of 378,112. Monolithic Power Systems, Inc. has a 12-month low of $86.84 and a 12-month high of $126.80. The firm has a market capitalization of $4,870.00, a PE ratio of 78.13, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The firm had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. sell-side analysts predict that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.02%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s payout ratio is presently 53.33%.

Several brokerages have recently weighed in on MPWR. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a research note on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $125.00 price objective on shares of Monolithic Power Systems in a research note on Friday, October 27th. Finally, Oppenheimer raised their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $129.25.

Institutional investors and hedge funds have recently made changes to their positions in the business. Simplex Trading LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth about $102,000. Captrust Financial Advisors acquired a new position in Monolithic Power Systems during the fourth quarter worth about $106,000. State of Alaska Department of Revenue acquired a new position in Monolithic Power Systems during the fourth quarter worth about $120,000. Cerebellum GP LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth about $127,000. Finally, Zeke Capital Advisors LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth about $201,000. Institutional investors own 90.83% of the company’s stock.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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