Theodore Blegen Sells 915 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 915 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $161.65, for a total transaction of $147,909.75. Following the transaction, the chief financial officer now owns 100,047 shares in the company, valued at approximately $16,172,597.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, November 18th, Theodore Blegen sold 49 shares of Monolithic Power Systems stock. The stock was sold at an average price of $161.74, for a total transaction of $7,925.26.
  • On Friday, November 8th, Theodore Blegen sold 1,635 shares of Monolithic Power Systems stock. The shares were sold at an average price of $163.36, for a total value of $267,093.60.
  • On Friday, November 1st, Theodore Blegen sold 221 shares of Monolithic Power Systems stock. The stock was sold at an average price of $151.10, for a total value of $33,393.10.
  • On Monday, October 21st, Theodore Blegen sold 1,056 shares of Monolithic Power Systems stock. The stock was sold at an average price of $143.27, for a total value of $151,293.12.
  • On Tuesday, October 1st, Theodore Blegen sold 1,675 shares of Monolithic Power Systems stock. The stock was sold at an average price of $156.25, for a total value of $261,718.75.
  • On Monday, September 9th, Theodore Blegen sold 999 shares of Monolithic Power Systems stock. The shares were sold at an average price of $156.58, for a total value of $156,423.42.

MPWR traded down $0.56 during mid-day trading on Tuesday, reaching $157.44. 291,407 shares of the company traded hands, compared to its average volume of 320,702. The company’s fifty day moving average price is $155.48 and its 200-day moving average price is $145.16. The stock has a market capitalization of $6.98 billion, a P/E ratio of 65.87, a P/E/G ratio of 2.82 and a beta of 1.60. Monolithic Power Systems, Inc. has a 52-week low of $106.50 and a 52-week high of $166.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The company had revenue of $168.80 million during the quarter, compared to analyst estimates of $165.00 million. Monolithic Power Systems had a return on equity of 15.23% and a net margin of 16.93%. Monolithic Power Systems’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 2.28 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Waratah Capital Advisors Ltd. bought a new position in shares of Monolithic Power Systems in the third quarter worth about $5,202,000. Maverick Capital Ltd. purchased a new stake in Monolithic Power Systems during the third quarter valued at $1,160,000. Man Group plc lifted its holdings in shares of Monolithic Power Systems by 11.6% in the 3rd quarter. Man Group plc now owns 101,968 shares of the semiconductor company’s stock valued at $15,869,000 after acquiring an additional 10,603 shares during the last quarter. Barclays PLC boosted its holdings in shares of Monolithic Power Systems by 108.8% in the 3rd quarter. Barclays PLC now owns 24,923 shares of the semiconductor company’s stock worth $3,880,000 after purchasing an additional 12,984 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Monolithic Power Systems by 4.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 118,478 shares of the semiconductor company’s stock valued at $18,439,000 after purchasing an additional 5,057 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. ValuEngine lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 23rd. Loop Capital set a $180.00 target price on shares of Monolithic Power Systems and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $153.20.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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

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