Theodore Blegen Sells 2,500 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $804.19, for a total transaction of $2,010,475.00. Following the completion of the sale, the chief financial officer now directly owns 69,986 shares of the company’s stock, valued at approximately $56,282,041.34. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, June 3rd, Theodore Blegen sold 2,416 shares of Monolithic Power Systems stock. The shares were 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 shares were sold at an average price of $689.98, for a total transaction of $508,515.26.
• On Wednesday, May 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $663.29, for a total transaction of $1,658,225.00.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock traded up $9.35 during trading on Tuesday, hitting $828.75. The company’s stock had a trading volume of 257,095 shares, compared to its average volume of 520,751. The company has a fifty day simple moving average of $749.99 and a two-hundred day simple moving average of $691.10. The company has a market capitalization of $40.34 billion, a PE ratio of 97.66, a P/E/G ratio of 4.11 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The company had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. As a group, analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MPWR. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Truist Financial upped their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Oppenheimer upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Finally, KeyCorp upped their price objective on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $766.00.

Institutional Trading of Monolithic Power Systems

A number of institutional investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Monolithic Power Systems by 9.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 212 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 18 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Monolithic Power Systems by 3.6% during the 2nd quarter. First Hawaiian Bank now owns 7,665 shares of the semiconductor company’s stock valued at $6,298,000 after acquiring an additional 265 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Monolithic Power Systems by 61.2% in the second quarter. GAMMA Investing LLC now owns 872 shares of the semiconductor company’s stock worth $717,000 after buying an additional 331 shares during the last quarter. SRN Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 5.3% in the first quarter. SRN Advisors LLC now owns 2,261 shares of the semiconductor company’s stock worth $1,532,000 after buying an additional 114 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 301.3% in the first quarter. EverSource Wealth Advisors LLC now owns 317 shares of the semiconductor company’s stock worth $212,000 after buying an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.