Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 1,562 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 1,562 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $326.40, for a total value of $509,836.80. Following the completion of the transaction, the chief financial officer now owns 154,543 shares in the company, valued at approximately $50,442,835.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, April 20th, Theodore Blegen sold 1,897 shares of Monolithic Power Systems stock. The shares were sold at an average price of $364.86, for a total value of $692,139.42.
  • On Thursday, April 1st, Theodore Blegen sold 905 shares of Monolithic Power Systems stock. The shares were sold at an average price of $364.78, for a total value of $330,125.90.
  • On Monday, March 22nd, Theodore Blegen sold 1,897 shares of Monolithic Power Systems stock. The stock was sold at an average price of $350.48, for a total value of $664,860.56.
  • On Friday, February 19th, Theodore Blegen sold 4,299 shares of Monolithic Power Systems stock. The stock was sold at an average price of $386.99, for a total value of $1,663,670.01.

Shares of NASDAQ:MPWR traded down $14.31 during trading on Wednesday, reaching $306.10. The company’s stock had a trading volume of 440,927 shares, compared to its average volume of 533,264. Monolithic Power Systems, Inc. has a 12 month low of $189.44 and a 12 month high of $406.75. The stock has a market capitalization of $14.00 billion, a PE ratio of 97.39, a price-to-earnings-growth ratio of 4.04 and a beta of 0.93. The firm’s 50 day simple moving average is $362.37 and its two-hundred day simple moving average is $352.38.

Monolithic Power Systems (NASDAQ:MPWR) last issued its 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 business had revenue of $254.50 million for the quarter, compared to analyst estimates of $242.43 million. Monolithic Power Systems had a net margin of 19.78% and a return on equity of 17.95%. The company’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same period last year, the company posted $0.95 earnings per share. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 3.32 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal London Asset Management Ltd. acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $5,270,000. Navellier & Associates Inc boosted its holdings in Monolithic Power Systems by 2.9% in the 4th quarter. Navellier & Associates Inc now owns 27,806 shares of the semiconductor company’s stock valued at $10,183,000 after purchasing an additional 785 shares during the last quarter. AlphaStar Capital Management LLC boosted its holdings in Monolithic Power Systems by 41.1% in the 4th quarter. AlphaStar Capital Management LLC now owns 13,352 shares of the semiconductor company’s stock valued at $5,063,000 after purchasing an additional 3,886 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Monolithic Power Systems by 13.8% in the 4th quarter. Handelsbanken Fonder AB now owns 7,444 shares of the semiconductor company’s stock valued at $2,726,000 after purchasing an additional 900 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $28,393,000. Institutional investors own 93.33% of the company’s stock.

Several equities research analysts recently issued reports on the company. Loop Capital lifted their price objective on Monolithic Power Systems from $350.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, February 8th. Raymond James lifted their price objective on Monolithic Power Systems from $336.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, February 5th. Needham & Company LLC reiterated a “buy” rating and issued a $415.00 price objective on shares of Monolithic Power Systems in a report on Tuesday, March 23rd. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $430.00 to $460.00 and gave the company a “buy” rating in a report on Friday, February 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Monolithic Power Systems from $400.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, May 5th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $381.90.

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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Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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