Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 462 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $120.68, for a total value of $55,754.16. Following the sale, the chief financial officer now directly owns 41,160 shares in the company, valued at approximately $4,967,188.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Theodore Blegen also recently made the following trade(s):
- On Friday, September 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The stock was sold at an average price of $101.42, for a total value of $46,551.78.
- On Friday, August 18th, Theodore Blegen sold 188 shares of Monolithic Power Systems stock. The stock was sold at an average price of $99.31, for a total value of $18,670.28.
Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) traded up 1.43% during midday trading on Tuesday, hitting $121.67. The company’s stock had a trading volume of 213,884 shares. The stock’s 50 day moving average is $109.09 and its 200-day moving average is $101.10. Monolithic Power Systems, Inc. has a 52-week low of $75.04 and a 52-week high of $122.17. The firm has a market cap of $5.04 billion, a P/E ratio of 85.80 and a beta of 1.26.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $128.90 million during the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 EPS. Equities analysts predict that Monolithic Power Systems, Inc. will post $2.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.80 annualized dividend and a yield of 0.66%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.69%.
Large investors have recently made changes to their positions in the stock. AGF Investments America Inc. grew its position in Monolithic Power Systems by 23.9% in the second quarter. AGF Investments America Inc. now owns 53,083 shares of the semiconductor company’s stock worth $5,117,000 after acquiring an additional 10,229 shares in the last quarter. AGF Investments Inc. grew its position in Monolithic Power Systems by 28.9% in the second quarter. AGF Investments Inc. now owns 9,572 shares of the semiconductor company’s stock worth $923,000 after acquiring an additional 2,146 shares in the last quarter. Franklin Resources Inc. grew its position in Monolithic Power Systems by 166.3% in the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock worth $77,086,000 after acquiring an additional 499,387 shares in the last quarter. Pembroke Management LTD purchased a new position in Monolithic Power Systems in the second quarter worth $8,945,000. Finally, Vanguard Group Inc. grew its position in Monolithic Power Systems by 5.4% in the first quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock worth $279,320,000 after acquiring an additional 155,052 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. KeyCorp reissued a “buy” rating and set a $115.00 price target on shares of Monolithic Power Systems in a research report on Friday, September 1st. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price target on Monolithic Power Systems and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $122.88.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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