Monolithic Power Systems, Inc. (MPWR) CFO Sells $13,319.90 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 110 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $121.09, for a total value of $13,319.90. Following the sale, the chief financial officer now owns 40,884 shares of the company’s stock, valued at approximately $4,950,643.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, October 30th, Theodore Blegen sold 462 shares of Monolithic Power Systems stock. The shares were sold at an average price of $120.68, for a total value of $55,754.16.
  • On Friday, September 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The shares were sold at an average price of $101.42, for a total value of $46,551.78.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up $1.76 on Monday, hitting $124.38. The stock had a trading volume of 228,646 shares, compared to its average volume of 275,164. The firm has a market cap of $5,090.80, a price-to-earnings ratio of 74.32, a price-to-earnings-growth ratio of 3.79 and a beta of 1.28. Monolithic Power Systems, Inc. has a one year low of $75.08 and a one year high of $125.75.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. The company had revenue of $128.90 million during the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a return on equity of 19.37% and a net margin of 18.34%. The business’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. research analysts anticipate that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $121,000. D.A. Davidson & CO. boosted its position in Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Monolithic Power Systems by 115.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 832 shares during the period. Fortaleza Asset Management Inc. boosted its position in Monolithic Power Systems by 50.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 640 shares during the period. Finally, FDx Advisors Inc. acquired a new position in Monolithic Power Systems during the 3rd quarter valued at approximately $221,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

A number of brokerages have weighed in on MPWR. BidaskClub lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Oppenheimer Holdings, Inc. set a $120.00 price objective on Monolithic Power Systems and gave the company a “buy” rating in a research note on Wednesday, July 26th. Needham & Company LLC restated a “buy” rating and set a $140.00 price objective (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $117.00 price objective on shares of Monolithic Power Systems in a research note on Wednesday, October 4th. Finally, SunTrust Banks, Inc. assumed coverage on Monolithic Power Systems in a research note on Tuesday, October 10th. They set a “buy” rating and a $132.00 price objective for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Monolithic Power Systems currently has an average rating of “Buy” and an average target price of $126.00.

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)

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