Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 1,897 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 1,897 shares of the company’s stock in a transaction on Tuesday, July 20th. The shares were sold at an average price of $382.77, for a total value of $726,114.69. Following the transaction, the chief financial officer now directly owns 145,854 shares in the company, valued at approximately $55,828,535.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, May 20th, Theodore Blegen sold 1,897 shares of Monolithic Power Systems stock. The shares were sold at an average price of $330.00, for a total value of $626,010.00.
  • On Monday, June 21st, Theodore Blegen sold 1,897 shares of Monolithic Power Systems stock. The shares were sold at an average price of $353.17, for a total value of $669,963.49.
  • On Wednesday, May 12th, Theodore Blegen sold 1,437 shares of Monolithic Power Systems stock. The shares were sold at an average price of $311.82, for a total value of $448,085.34.
  • On Monday, May 10th, Theodore Blegen sold 1,562 shares of Monolithic Power Systems stock. The shares were sold at an average price of $326.40, for a total value of $509,836.80.

Shares of NASDAQ MPWR traded up $12.94 during mid-day trading on Wednesday, reaching $405.30. 319,273 shares of the company’s stock were exchanged, compared to its average volume of 470,885. The stock has a market capitalization of $18.54 billion, a price-to-earnings ratio of 110.44, a price-to-earnings-growth ratio of 3.41 and a beta of 0.89. The firm’s fifty day moving average is $354.48. Monolithic Power Systems, Inc. has a twelve month low of $235.62 and a twelve month high of $406.75.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, June 29th. Monolithic Power Systems’s dividend payout ratio is currently 68.18%.

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $415.00 price target on shares of Monolithic Power Systems in a research note on Tuesday, March 23rd. Deutsche Bank Aktiengesellschaft cut their target price on 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 equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $394.89.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MPWR. Price T Rowe Associates Inc. MD raised its position in shares of Monolithic Power Systems by 97.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,837,795 shares of the semiconductor company’s stock worth $673,056,000 after purchasing an additional 905,612 shares during the period. Norges Bank bought a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $147,100,000. Neuberger Berman Group LLC boosted its position in Monolithic Power Systems by 75.6% during the 1st quarter. Neuberger Berman Group LLC now owns 650,004 shares of the semiconductor company’s stock worth $229,579,000 after acquiring an additional 279,897 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Monolithic Power Systems by 43.1% during the 1st quarter. Geode Capital Management LLC now owns 805,028 shares of the semiconductor company’s stock worth $283,651,000 after acquiring an additional 242,275 shares in the last quarter. Finally, Fred Alger Management LLC raised its holdings in shares of Monolithic Power Systems by 28.4% in the first quarter. Fred Alger Management LLC now owns 796,339 shares of the semiconductor company’s stock valued at $281,275,000 after purchasing an additional 176,170 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.

Monolithic Power Systems Company Profile

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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