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

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

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

Shares of MPWR stock traded up $1.35 on Tuesday, hitting $154.70. The stock had a trading volume of 178,954 shares, compared to its average volume of 296,624. The company has a market capitalization of $6.61 billion, a PE ratio of 64.73, a P/E/G ratio of 2.15 and a beta of 1.43. Monolithic Power Systems, Inc. has a 1 year low of $101.99 and a 1 year high of $161.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.31. The firm had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.63 million. Monolithic Power Systems had a return on equity of 18.22% and a net margin of 18.08%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 2.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.30. Monolithic Power Systems’s payout ratio is currently 66.95%.

A number of equities research analysts have commented on MPWR shares. Deutsche Bank lifted their target price on Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price (down previously from $155.00) on shares of Monolithic Power Systems in a research report on Wednesday, February 13th. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research upgraded Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a hold rating, eight have given 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.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Monolithic Power Systems by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,553,528 shares of the semiconductor company’s stock valued at $446,074,000 after buying an additional 208,362 shares during the period. Vanguard Group Inc raised its holdings in shares of Monolithic Power Systems by 6.2% in the 3rd quarter. Vanguard Group Inc now owns 3,553,528 shares of the semiconductor company’s stock valued at $446,074,000 after buying an additional 208,362 shares during the period. FMR LLC raised its holdings in shares of Monolithic Power Systems by 3.2% in the 4th quarter. FMR LLC now owns 1,432,704 shares of the semiconductor company’s stock valued at $166,552,000 after buying an additional 44,356 shares during the period. Bank of America Corp DE raised its holdings in shares of Monolithic Power Systems by 2.3% in the 4th quarter. Bank of America Corp DE now owns 746,915 shares of the semiconductor company’s stock valued at $86,829,000 after buying an additional 16,889 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Monolithic Power Systems by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 746,614 shares of the semiconductor company’s stock valued at $93,723,000 after buying an additional 176,809 shares during the period. Hedge funds and other institutional investors own 99.17% of the company’s stock.

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Monolithic Power Systems Company Profile

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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Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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