Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 2,500 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the completion of the sale, the chief financial officer now directly owns 75,723 shares of the company’s stock, valued at approximately $50,226,308.67. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, March 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $725.76, for a total value of $1,814,400.00.
• On Thursday, February 8th, Theodore Blegen sold 728 shares of Monolithic Power Systems stock. The stock was sold at an average price of $680.00, for a total value of $495,040.00.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $707.22 on Friday. The stock has a 50-day simple moving average of $678.85 and a two-hundred day simple moving average of $615.35. Monolithic Power Systems, Inc. has a 52-week low of $383.19 and a 52-week high of $778.15. The firm has a market capitalization of $34.41 billion, a PE ratio of 84.29, a P/E/G ratio of 3.82 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The firm had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Equities analysts forecast that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.71%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. TFB Advisors LLC bought a new stake in Monolithic Power Systems during the first quarter valued at about $343,000. Mediolanum International Funds Ltd bought a new stake in Monolithic Power Systems during the 1st quarter valued at approximately $5,161,000. GSA Capital Partners LLP raised its stake in Monolithic Power Systems by 96.2% during the 1st quarter. GSA Capital Partners LLP now owns 732 shares of the semiconductor company’s stock valued at $496,000 after purchasing an additional 359 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Monolithic Power Systems by 48.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 917 shares of the semiconductor company’s stock worth $621,000 after purchasing an additional 299 shares in the last quarter. Finally, RiverPark Advisors LLC bought a new position in Monolithic Power Systems in the 1st quarter worth approximately $27,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MPWR shares. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday. TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday. KeyCorp raised their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Oppenheimer upped their price objective on 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $716.90.

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.