Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 1,056 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 1,056 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $143.27, for a total value of $151,293.12. Following the sale, the chief financial officer now owns 93,267 shares of the company’s stock, valued at approximately $13,362,363.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • 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.
  • On Monday, August 19th, Theodore Blegen sold 50 shares of Monolithic Power Systems stock. The shares were sold at an average price of $154.00, for a total value of $7,700.00.
  • On Thursday, August 8th, Theodore Blegen sold 1,665 shares of Monolithic Power Systems stock. The shares were sold at an average price of $150.42, for a total value of $250,449.30.

Shares of MPWR traded up $3.36 during mid-day trading on Monday, reaching $145.47. The company’s stock had a trading volume of 356,009 shares, compared to its average volume of 321,618. The business has a fifty day moving average of $151.31 and a 200 day moving average of $142.98. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 60.87, a price-to-earnings-growth ratio of 2.27 and a beta of 1.61. Monolithic Power Systems, Inc. has a 1 year low of $101.99 and a 1 year high of $163.21.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.15). The business had revenue of $151.00 million during the quarter, compared to analysts’ expectations of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. Monolithic Power Systems’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 EPS. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 2.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.40 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. Monolithic Power Systems’s payout ratio is currently 66.95%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. LPL Financial LLC increased its stake in shares of Monolithic Power Systems by 0.5% in the second quarter. LPL Financial LLC now owns 13,232 shares of the semiconductor company’s stock worth $1,797,000 after acquiring an additional 68 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Monolithic Power Systems by 1.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,300 shares of the semiconductor company’s stock worth $991,000 after acquiring an additional 80 shares during the last quarter. Oakbrook Investments LLC increased its stake in shares of Monolithic Power Systems by 2.0% in the third quarter. Oakbrook Investments LLC now owns 5,025 shares of the semiconductor company’s stock worth $782,000 after acquiring an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Monolithic Power Systems by 1.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,573 shares of the semiconductor company’s stock worth $1,300,000 after acquiring an additional 114 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Monolithic Power Systems by 36.4% in the second quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

A number of equities research analysts have recently commented on MPWR shares. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Loop Capital set a $180.00 price objective on Monolithic Power Systems and gave the company a “buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $155.17.

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.

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

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