Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $2,260,500.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, August 8th, Theodore Blegen sold 728 shares of Monolithic Power Systems stock. The stock was 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 stock was 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 shares were sold at an average price of $804.19, for a total value of $2,010,475.00.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $841.49 on Friday. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64. The stock has a market capitalization of $40.96 billion, a PE ratio of 100.30, a price-to-earnings-growth ratio of 4.32 and a beta of 1.12. The business’s fifty day moving average is $853.93 and its 200 day moving average is $764.28.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $2.05 earnings per share. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.59%. Monolithic Power Systems’s payout ratio is 59.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MPWR. Family Firm Inc. purchased a new position in Monolithic Power Systems in the second quarter worth about $25,000. RiverPark Advisors LLC purchased a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $27,000. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $31,000. Atwood & Palmer Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC lifted its position in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MPWR. Raymond James raised their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Needham & Company LLC raised their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. Truist Financial raised their price target on Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday, August 2nd. TD Cowen raised their price target on Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $912.30.

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.