Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the sale, the chief financial officer now owns 59,178 shares in the company, valued at approximately $53,754,928.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Theodore Blegen also recently made the following trade(s):
- On Tuesday, September 3rd, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00.
- On Thursday, August 8th, Theodore Blegen sold 728 shares of Monolithic Power Systems stock. The shares were sold at an average price of $778.39, for a total value of $566,667.92.
- 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 transaction 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.
Monolithic Power Systems Trading Up 0.4 %
MPWR stock opened at $922.75 on Friday. The company has a market cap of $44.92 billion, a PE ratio of 109.98, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. The stock has a 50-day moving average price of $876.75 and a two-hundred day moving average price of $788.44. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.54%. Monolithic Power Systems’s payout ratio is 59.59%.
Institutional Trading of Monolithic Power Systems
A number of institutional investors have recently added to or reduced their stakes in MPWR. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter worth about $25,000. RiverPark Advisors LLC acquired a new position in Monolithic Power Systems during the 1st quarter worth approximately $27,000. OFI Invest Asset Management purchased a new position in Monolithic Power Systems in the 1st quarter worth approximately $31,000. Atwood & Palmer Inc. acquired a new stake in Monolithic Power Systems in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC raised its stake in shares of Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on MPWR shares. KeyCorp raised their price target on shares of 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. Oppenheimer lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Raymond James increased their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Truist Financial reaffirmed a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $959.90.
View Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Company Profile
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.
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