Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $495,040.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $495,040.00. Following the completion of the transaction, the chief financial officer now owns 83,173 shares of the company’s stock, valued at approximately $56,557,640. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, February 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00.
  • On Thursday, January 4th, Theodore Blegen sold 27,613 shares of Monolithic Power Systems stock. The stock was sold at an average price of $583.14, for a total value of $16,102,244.82.
  • On Tuesday, January 2nd, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $615.71, for a total value of $1,539,275.00.
  • On Monday, December 18th, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $631.36, for a total value of $1,578,400.00.

Monolithic Power Systems Trading Up 2.1 %

Shares of NASDAQ MPWR opened at $752.31 on Monday. The stock has a market cap of $36.56 billion, a price-to-earnings ratio of 85.88, a P/E/G ratio of 6.98 and a beta of 1.22. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $761.50. The stock’s 50-day moving average is $613.65 and its 200 day moving average is $535.61.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.66%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.08%.

Wall Street Analyst Weigh In

Several analysts have weighed in on MPWR shares. Oppenheimer raised their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus raised their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. KeyCorp raised their price target on Monolithic Power Systems from $600.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen raised their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Truist Financial lowered their price target on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $668.30.

Check Out Our Latest Analysis on MPWR

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Monolithic Power Systems by 5.0% during the 2nd quarter. BlackRock Inc. now owns 5,431,454 shares of the semiconductor company’s stock worth $2,934,234,000 after acquiring an additional 257,328 shares during the last quarter. Vanguard Group Inc. grew its position in Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after acquiring an additional 123,946 shares during the last quarter. FMR LLC grew its position in Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after acquiring an additional 929,009 shares during the last quarter. State Street Corp grew its position in Monolithic Power Systems by 2.3% during the 2nd quarter. State Street Corp now owns 1,853,175 shares of the semiconductor company’s stock worth $1,002,974,000 after acquiring an additional 41,208 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Monolithic Power Systems by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after acquiring an additional 43,191 shares during the last quarter. 96.52% of the stock is currently owned by institutional investors.

About Monolithic Power Systems

(Get Free Report)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer markets. The company provides 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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