Key Points
- CFO Theodore Blegen sold 3,000 shares on Dec. 1 at an average price of $908.21 for about $2.72M, trimming his stake by 4.04% to 71,332 shares (he also sold 3,000 shares in Nov. and Oct.).
- Company fundamentals and analyst sentiment are positive: MPWR beat Q results (EPS $4.73 vs. $4.62 estimate; revenue $737.2M, +18.9% YoY), the stock is up 2.6% with a $45.6B market cap, and analysts’ consensus is a “Moderate Buy” with an average target around $1,047.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) CFO Theodore Blegen sold 3,000 shares of the business's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $908.21, for a total value of $2,724,630.00. Following the transaction, the chief financial officer owned 71,332 shares in the company, valued at approximately $64,784,435.72. This trade represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Theodore Blegen also recently made the following trade(s):
- On Monday, November 3rd, Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,024.43, for a total value of $3,073,290.00.
- On Wednesday, October 1st, Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $913.22, for a total value of $2,739,660.00.
Monolithic Power Systems Stock Up 2.6%
MPWR opened at $952.18 on Wednesday. The company has a market cap of $45.62 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. The firm's 50-day moving average price is $961.03 and its 200-day moving average price is $835.18. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. During the same quarter in the previous year, the firm earned $4.06 EPS. Monolithic Power Systems's revenue was up 18.9% compared to the same quarter last year. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Monolithic Power Systems's dividend payout ratio is presently 15.93%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of Monolithic Power Systems by 37.2% during the 3rd quarter. Allworth Financial LP now owns 299 shares of the semiconductor company's stock worth $275,000 after purchasing an additional 81 shares during the period. IFP Advisors Inc lifted its stake in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 24 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in Monolithic Power Systems by 1.5% during the third quarter. Swiss Life Asset Management Ltd now owns 32,291 shares of the semiconductor company's stock worth $29,728,000 after buying an additional 484 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Monolithic Power Systems during the third quarter valued at $6,083,000. Finally, WBI Investments LLC acquired a new stake in Monolithic Power Systems during the third quarter valued at $1,443,000. 93.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MPWR has been the subject of a number of research reports. Citigroup lifted their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Monday, November 3rd. Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the stock an "outperform" rating in a research note on Tuesday, October 14th. Rosenblatt Securities upped their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the company a "neutral" rating in a research report on Friday, October 31st. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Finally, KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an "overweight" rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,047.27.
Get Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Company Profile
(
Get Free Report)
Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.
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