Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 728 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $495,040.00. Following the sale, 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 is available through this hyperlink.

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 transaction 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 transaction 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 transaction 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 transaction of $1,578,400.00.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $752.31 on Friday. The company’s fifty day moving average price is $613.65 and its 200 day moving average price is $535.67. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $761.50. The firm has a market capitalization of $36.55 billion, a P/E ratio of 85.88, a P/E/G ratio of 6.84 and a beta of 1.22.

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 paid a dividend of $1.25 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.66%. The ex-dividend date is Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 45.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MPWR shares. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen raised their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday. KeyCorp raised their price target on shares of Monolithic Power Systems from $600.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday. Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Finally, Oppenheimer raised their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $668.30.

View Our Latest Research Report on Monolithic Power Systems

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Achmea Investment Management B.V. acquired a new stake in Monolithic Power Systems during the 1st quarter worth $27,000. Carolinas Wealth Consulting LLC acquired a new position in Monolithic Power Systems in the second quarter valued at $35,000. Sunbelt Securities Inc. acquired a new position in Monolithic Power Systems in the first quarter valued at $37,000. Arlington Trust Co LLC increased its stake in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares during the period. Finally, Operose Advisors LLC acquired a new position in Monolithic Power Systems in the third quarter valued at $43,000. 96.52% of the stock is currently owned by institutional investors and hedge funds.

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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