Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 2,500 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the sale, the chief financial officer now directly owns 75,723 shares in the company, valued at approximately $50,226,308.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, March 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $725.76, for a total value of $1,814,400.00.
• On Thursday, February 8th, Theodore Blegen sold 728 shares of Monolithic Power Systems stock. The shares were sold at an average price of $680.00, for a total value of $495,040.00.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock traded down $5.67 during trading on Friday, hitting $707.22. The company's stock had a trading volume of 585,707 shares, compared to its average volume of 546,526. The stock's fifty day moving average is $678.85 and its 200 day moving average is $615.35. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The stock has a market capitalization of $34.42 billion, a price-to-earnings ratio of 84.29, a P/E/G ratio of 3.49 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.47%. The company had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.00. Monolithic Power Systems's dividend payout ratio (DPR) is 59.59%.

Institutional Trading of Monolithic Power Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. TFB Advisors LLC acquired a new stake in Monolithic Power Systems during the first quarter worth about $343,000. Mediolanum International Funds Ltd acquired a new stake in Monolithic Power Systems during the 1st quarter worth approximately $5,161,000. GSA Capital Partners LLP increased its position in Monolithic Power Systems by 96.2% during the 1st quarter. GSA Capital Partners LLP now owns 732 shares of the semiconductor company's stock worth $496,000 after purchasing an additional 359 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Monolithic Power Systems by 48.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 917 shares of the semiconductor company's stock valued at $621,000 after buying an additional 299 shares during the period. Finally, RiverPark Advisors LLC acquired a new position in Monolithic Power Systems during the first quarter valued at approximately $27,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPWR has been the topic of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Thursday. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an "overweight" rating in a research note on Thursday. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a "buy" rating in a research report on Thursday. KeyCorp increased their target price on Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Finally, TD Cowen boosted their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $716.90.

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.