Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $561,620.10 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the sale, the chief financial officer now owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. The trade was a 1.30 % decrease in their position. 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, November 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00.
• On Tuesday, October 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00.
• 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.

Monolithic Power Systems Stock Down 0.6 %

Monolithic Power Systems stock opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $532.86 and a 52 week high of $959.64. The stock has a market cap of $27.97 billion, a price-to-earnings ratio of 64.64, a PEG ratio of 2.86 and a beta of 1.15. The business has a 50-day simple moving average of $856.47 and a 200 day simple moving average of $826.00.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 56.37%.

Hedge Funds Weigh In On Monolithic Power Systems

A number of large investors have recently modified their holdings of the company. Assetmark Inc. grew its position in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after acquiring an additional 1,082 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Monolithic Power Systems by 19.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after purchasing an additional 9,125 shares during the last quarter. Cetera Investment Advisers raised its position in Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after purchasing an additional 4,760 shares during the period. Czech National Bank lifted its stake in Monolithic Power Systems by 9.8% in the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after purchasing an additional 824 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Monolithic Power Systems by 224.4% during the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after buying an additional 1,057 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Raymond James lifted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. 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. Finally, KeyCorp lifted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $916.73.

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.