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 on Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at $42,805,551.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 stock was 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 Trading Down 6.6 %

Shares of MPWR traded down $42.63 on Wednesday, reaching $601.47. The company’s stock had a trading volume of 1,606,961 shares, compared to its average volume of 582,189. The firm has a fifty day moving average of $871.40 and a 200-day moving average of $830.09. The stock has a market capitalization of $29.34 billion, a PE ratio of 69.66, a PEG ratio of 3.07 and a beta of 1.15. Monolithic Power Systems, Inc. has a twelve month low of $523.64 and a twelve month high of $959.64.

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

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.83%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the second quarter valued at approximately $25,000. NBC Securities Inc. raised its position in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares during the period. Wolff Wiese Magana LLC boosted its stake in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems in the second quarter valued at about $33,000. Finally, Crewe Advisors LLC grew 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 acquiring an additional 24 shares during the period. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Raymond James increased their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Truist Financial reissued a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.