Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $566,667.92 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, August 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00.
• On Monday, July 22nd, Theodore Blegen sold 2,580 shares of Monolithic Power Systems stock. The shares were sold at an average price of $831.58, for a total value of $2,145,476.40.
• On Monday, July 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $804.19, for a total transaction of $2,010,475.00.
• On Monday, June 3rd, Theodore Blegen sold 2,416 shares of Monolithic Power Systems stock. The shares were sold at an average price of $731.43, for a total value of $1,767,134.88.

Monolithic Power Systems Trading Down 0.5 %

Shares of NASDAQ:MPWR traded down $3.95 on Monday, reaching $819.05. 156,954 shares of the company’s stock were exchanged, compared to its average volume of 536,491. The company has a fifty day moving average of $815.28 and a 200-day moving average of $734.36. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $891.67. The company has a market capitalization of $39.87 billion, a price-to-earnings ratio of 98.42, a PEG ratio of 3.92 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the prior year, the firm posted $2.05 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds have recently added to or reduced their stakes in the stock. Kentucky Retirement Systems raised its holdings in Monolithic Power Systems by 0.6% during the 2nd quarter. Kentucky Retirement Systems now owns 3,668 shares of the semiconductor company’s stock valued at $3,014,000 after acquiring an additional 21 shares during the period. Blair William & Co. IL raised its stake in Monolithic Power Systems by 1.2% in the second quarter. Blair William & Co. IL now owns 9,598 shares of the semiconductor company’s stock worth $7,887,000 after buying an additional 113 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Monolithic Power Systems by 31.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,218 shares of the semiconductor company’s stock valued at $4,188,000 after buying an additional 1,251 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Monolithic Power Systems by 0.4% during the second quarter. Amalgamated Bank now owns 10,329 shares of the semiconductor company’s stock valued at $8,487,000 after buying an additional 38 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Monolithic Power Systems by 62.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,868 shares of the semiconductor company’s stock valued at $1,535,000 after buying an additional 717 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MPWR. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Oppenheimer increased their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. KeyCorp lifted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Rosenblatt Securities raised their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $882.30.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.