Theodore Blegen Sells 7,564 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 7,564 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $108.19, for a total transaction of $818,349.16. Following the sale, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at approximately $7,078,979.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, January 30th, Theodore Blegen sold 450 shares of Monolithic Power Systems stock. The stock was sold at an average price of $120.66, for a total transaction of $54,297.00.
  • On Friday, December 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The stock was sold at an average price of $117.91, for a total transaction of $54,120.69.
  • On Monday, November 20th, Theodore Blegen sold 79 shares of Monolithic Power Systems stock. The stock was sold at an average price of $122.75, for a total transaction of $9,697.25.
  • On Thursday, November 16th, Theodore Blegen sold 110 shares of Monolithic Power Systems stock. The stock was sold at an average price of $121.09, for a total transaction of $13,319.90.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up $0.06 during trading on Tuesday, reaching $109.97. 409,019 shares of the company were exchanged, compared to its average volume of 356,111. The company has a market capitalization of $4,580.87, a P/E ratio of 73.77, a P/E/G ratio of 2.38 and a beta of 1.27. Monolithic Power Systems, Inc. has a 1-year low of $84.45 and a 1-year high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $129.43 million during the quarter, compared to the consensus estimate of $126.19 million. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. equities research analysts predict that Monolithic Power Systems, Inc. will post 2.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.30 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio (DPR) is 53.69%.

Institutional investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $102,000. State of Alaska Department of Revenue bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $120,000. Cerebellum GP LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $127,000. Suntrust Banks Inc. bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $204,000. Finally, Alps Advisors Inc. bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $206,000. 92.25% of the stock is owned by institutional investors and hedge funds.

MPWR has been the subject of several research reports. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Deutsche Bank raised their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $129.25.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/13/theodore-blegen-sells-7564-shares-of-monolithic-power-systems-inc-mpwr-stock.html.

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.

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply