Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $4,500,000.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the chief financial officer directly owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Monolithic Power Systems Stock Performance

MPWR traded down $5.41 during trading on Friday, hitting $758.99. The stock had a trading volume of 400,080 shares, compared to its average volume of 802,654. The firm has a market capitalization of $36.34 billion, a P/E ratio of 20.15, a PEG ratio of 3.01 and a beta of 1.20. The company's 50-day moving average price is $687.11 and its 200 day moving average price is $633.23. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. Monolithic Power Systems's revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.82%. Monolithic Power Systems's payout ratio is currently 16.56%.

Institutional Investors Weigh In On Monolithic Power Systems

Several institutional investors have recently made changes to their positions in the stock. Park National Corp OH boosted its position in shares of Monolithic Power Systems by 22.2% during the 2nd quarter. Park National Corp OH now owns 41,113 shares of the semiconductor company's stock worth $30,069,000 after purchasing an additional 7,479 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Monolithic Power Systems during the 1st quarter worth $1,190,000. Swedbank AB boosted its position in shares of Monolithic Power Systems by 60.4% during the 1st quarter. Swedbank AB now owns 23,744 shares of the semiconductor company's stock worth $13,771,000 after purchasing an additional 8,944 shares in the last quarter. Cim LLC boosted its position in shares of Monolithic Power Systems by 2.0% during the 1st quarter. Cim LLC now owns 1,826 shares of the semiconductor company's stock worth $1,059,000 after purchasing an additional 36 shares in the last quarter. Finally, First Hawaiian Bank boosted its position in shares of Monolithic Power Systems by 52.4% in the 1st quarter. First Hawaiian Bank now owns 4,556 shares of the semiconductor company's stock worth $2,642,000 after buying an additional 1,566 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of recent analyst 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 research report on Friday, May 2nd. Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Oppenheimer restated an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $789.42.

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.