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 firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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 transaction 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 transaction of $2,131,275.00.
• 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.

Monolithic Power Systems Trading Down 10.3 %

NASDAQ:MPWR traded down $96.05 on Tuesday, reaching $838.63. 960,666 shares of the stock traded hands, compared to its average volume of 536,119. The company has a market capitalization of $40.88 billion, a price-to-earnings ratio of 99.96, a PEG ratio of 4.32 and a beta of 1.11. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The company’s fifty day simple moving average is $853.24 and its 200 day simple moving average is $763.68.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.60%. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MPWR. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Truist Financial lifted their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Raymond James lifted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $912.30.

Institutional Trading of Monolithic Power Systems

A number of large investors have recently made changes to their positions in MPWR. Norges Bank bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $362,477,000. BNP Paribas Financial Markets grew its position in Monolithic Power Systems by 95.1% during the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after buying an additional 148,771 shares during the period. The Manufacturers Life Insurance Company grew its position in Monolithic Power Systems by 311.8% during the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after buying an additional 141,277 shares during the period. Canada Pension Plan Investment Board grew its position in Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock valued at $117,826,000 after buying an additional 136,391 shares during the period. Finally, UBS Group AG grew its position in Monolithic Power Systems by 100.4% during the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after buying an additional 97,357 shares during the period. 93.46% of the stock is currently owned by institutional investors.

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.