Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 3,000 Shares of Stock

Key Points

• The CFO of Monolithic Power Systems, Inc., Theodore Blegen, sold 3,000 shares at an average price of $750.00, totaling $2.25 million, resulting in a 6.39% decrease in his holdings.
• The company reported quarterly earnings of $4.21 per share, exceeding expectations, with revenues of $664.57 million, up 31% year-over-year.
• Monolithic Power Systems recently declared a quarterly dividend of $1.56 per share, with an annualized payout of $6.24 and a dividend yield of 0.8%.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) CFO Theodore Blegen sold 3,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $750.00, for a total value of $2,250,000.00. Following the completion of the sale, the chief financial officer owned 43,939 shares of the company's stock, valued at approximately $32,954,250. The trade was a 6.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, July 1st, Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $45.01 during trading hours on Monday, hitting $830.63. The stock had a trading volume of 1,360,386 shares, compared to its average volume of 580,987. The stock's fifty day simple moving average is $718.72 and its 200 day simple moving average is $652.39. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.12 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.09. The firm had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm's quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.17 earnings per share. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.8%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.25%.

Wall Street Analyst Weigh In

MPWR has been the topic of several research reports. TD Cowen raised their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company lifted their price target on Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a report on Friday. Oppenheimer reissued an "outperform" rating and issued a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Loop Capital raised their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $838.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. WPG Advisers LLC bought a new position in shares of Monolithic Power Systems during the 1st quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at about $29,000. Strategic Investment Solutions Inc. IL bought a new stake in Monolithic Power Systems in the second quarter valued at about $36,000. SouthState Corp bought a new stake in Monolithic Power Systems in the first quarter valued at about $33,000. Finally, Itau Unibanco Holding S.A. increased its stake in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.