Theodore Blegen Sells 1,047 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

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Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 1,047 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $152.89, for a total transaction of $160,075.83. Following the transaction, the chief financial officer now directly owns 83,190 shares in the company, valued at $12,718,919.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, April 1st, Theodore Blegen sold 905 shares of Monolithic Power Systems stock. The stock was sold at an average price of $138.60, for a total transaction of $125,433.00.
  • On Tuesday, February 12th, Theodore Blegen sold 12,656 shares of Monolithic Power Systems stock. The stock was sold at an average price of $130.66, for a total transaction of $1,653,632.96.

Monolithic Power Systems stock opened at $155.74 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $101.99 and a 1-year high of $161.22. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 65.16, a price-to-earnings-growth ratio of 2.16 and a beta of 1.43.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.31. Monolithic Power Systems had a net margin of 18.08% and a return on equity of 18.22%. The firm had revenue of $153.50 million for the quarter, compared to analyst estimates of $153.63 million. During the same period last year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 2.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, March 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 66.95%.

Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its stake in shares of Monolithic Power Systems by 81.3% in the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 139 shares in the last quarter. CWM LLC lifted its stake in shares of Monolithic Power Systems by 128.5% in the first quarter. CWM LLC now owns 377 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 212 shares in the last quarter. Cutler Group LP bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $58,000. Valeo Financial Advisors LLC lifted its stake in shares of Monolithic Power Systems by 553.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 437 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Monolithic Power Systems by 38.0% in the fourth quarter. Captrust Financial Advisors now owns 1,318 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 363 shares in the last quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

MPWR has been the topic of several research analyst reports. Zacks Investment Research reissued a “hold” rating and set a $126.00 target price on shares of Monolithic Power Systems in a research note on Monday, December 31st. ValuEngine lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price (down from $155.00) on shares of Monolithic Power Systems in a research note on Wednesday, February 13th. Deutsche Bank increased their target price on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Finally, BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $148.88.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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