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 the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $852.51, for a total transaction of $2,131,275.00. Following the completion of the sale, the chief financial officer now owns 64,906 shares in the company, valued at approximately $55,333,014.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, July 22nd, Theodore Blegen sold 2,580 shares of Monolithic Power Systems stock. The stock was sold at an average price of $831.58, for a total transaction of $2,145,476.40.
• On Monday, July 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $804.19, for a total transaction of $2,010,475.00.
• On Monday, June 3rd, Theodore Blegen sold 2,416 shares of Monolithic Power Systems stock. The stock was sold at an average price of $731.43, for a total transaction of $1,767,134.88.
• On Wednesday, May 8th, Theodore Blegen sold 737 shares of Monolithic Power Systems stock. The stock was sold at an average price of $689.98, for a total transaction of $508,515.26.

Monolithic Power Systems Trading Up 1.4 %

Shares of NASDAQ MPWR traded up $10.81 during midday trading on Friday, reaching $795.76. The company had a trading volume of 1,366,747 shares, compared to its average volume of 534,322. The business’s 50-day simple moving average is $809.53 and its 200 day simple moving average is $725.80. The stock has a market cap of $38.74 billion, a P/E ratio of 94.58, a P/E/G ratio of 4.31 and a beta of 1.11. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $891.67.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $507.40 million during the quarter, compared to analysts’ expectations of $490.66 million. During the same quarter last year, the company posted $2.05 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. Analysts predict that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.63%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems during the second quarter worth $25,000. RiverPark Advisors LLC purchased a new position in Monolithic Power Systems in the first quarter valued at $27,000. OFI Invest Asset Management purchased a new position in Monolithic Power Systems in the first quarter valued at $31,000. Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems in the second quarter valued at $33,000. Finally, Crewe Advisors LLC increased its holdings in Monolithic Power Systems by 126.3% in the second 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. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James boosted their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday. KeyCorp raised their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Truist Financial increased their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company raised 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, May 2nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $862.30.

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.