Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 2,500 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the transaction, the chief financial officer now directly owns 75,723 shares in the company, valued at approximately $50,226,308.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was 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 shares were sold at an average price of $680.00, for a total transaction of $495,040.00.

Monolithic Power Systems Stock Down 0.8 %

Shares of MPWR opened at $707.22 on Friday. The business has a fifty day moving average of $678.85 and a 200 day moving average of $616.32. The company has a market cap 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, Inc. has a 52-week low of $383.19 and a 52-week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $452.13 million. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $1.25 dividend. 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 of this dividend was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial increased their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen upped their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Oppenheimer raised their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $716.90.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds have recently bought and sold shares of MPWR. Commonwealth Equity Services LLC boosted its stake in shares of Monolithic Power Systems by 6.1% during the third quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company’s stock valued at $1,317,000 after purchasing an additional 165 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Monolithic Power Systems by 14.6% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 5,498 shares of the semiconductor company’s stock valued at $2,540,000 after buying an additional 700 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its position in Monolithic Power Systems by 3.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 26,856 shares of the semiconductor company’s stock valued at $12,407,000 after buying an additional 939 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Monolithic Power Systems by 1.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company’s stock valued at $7,264,000 after buying an additional 174 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in Monolithic Power Systems by 4.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,635 shares of the semiconductor company’s stock worth $3,989,000 after acquiring an additional 361 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.