Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 915 Shares of Stock

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

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 value 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 shares were 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 shares were 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 stock was sold at an average price of $156.58, for a total transaction of $156,423.42.

Shares of MPWR opened at $157.44 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $106.50 and a 1-year high of $166.24. The stock has a market cap of $6.98 billion, a PE ratio of 65.87, a price-to-earnings-growth ratio of 2.82 and a beta of 1.60. The firm has a fifty day moving average price of $155.86 and a 200 day moving average price of $145.30.

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

Several institutional investors have recently bought and sold shares of MPWR. Pearl River Capital LLC purchased a new position in Monolithic Power Systems during the 2nd quarter worth approximately $25,000. Squar Milner Financial Services LLC lifted its position in Monolithic Power Systems by 351.2% in the third quarter. Squar Milner Financial Services LLC now owns 185 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 144 shares during the period. Point72 Asset Management L.P. acquired a new stake in Monolithic Power Systems in the second quarter valued at about $41,000. Advisory Services Network LLC boosted its holdings in Monolithic Power Systems by 36.4% in the 2nd quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 115 shares in the last quarter. Finally, CWM LLC boosted its holdings in Monolithic Power Systems by 26.8% in the 3rd quarter. CWM LLC now owns 478 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 101 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on MPWR. ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, Loop Capital set a $180.00 price target on shares of Monolithic Power Systems and gave the company a “buy” rating in a research note on Friday, September 27th. 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. Monolithic Power Systems currently has a consensus rating of “Hold” and a consensus 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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