Key Points
- CFO Theodore Blegen sold 3,000 shares on Jan 2 at $940.47 each for $2,821,410, cutting his stake by 4.21% to 68,332 shares and following two other 3,000‑share sales in Nov and Dec, signaling recent insider selling.
- Monolithic Power beat its latest quarter estimates (EPS $4.73 vs. $4.62; revenue $737.18M vs. $720.66M), with revenue up 18.9% YoY, a 71.22% net margin and a market cap around $48.2B; analysts hold a consensus "Moderate Buy" with an average target near $1,074.58.
- The company declared a quarterly dividend of $1.56 ($6.24 annualized) with a yield of about 0.6% (ex‑dividend Dec 31, payable Jan 15), while institutional investors collectively own roughly 93.5% of the stock.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) CFO Theodore Blegen sold 3,000 shares of the company's stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $940.47, for a total transaction of $2,821,410.00. Following the completion of the transaction, the chief financial officer directly owned 68,332 shares of the company's stock, valued at approximately $64,264,196.04. The trade was a 4.21% decrease in their ownership of the stock. The transaction 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, December 1st, Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $908.21, for a total value of $2,724,630.00.
- 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.
Monolithic Power Systems Stock Up 5.3%
Shares of NASDAQ MPWR opened at $1,005.38 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38. The business has a 50 day moving average price of $946.74 and a two-hundred day moving average price of $880.93. The firm has a market cap of $48.17 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company had revenue of $737.18 million during the quarter, compared to analysts' expectations of $720.66 million. During the same period in the prior year, the business posted $4.06 EPS. The business's revenue was up 18.9% on a year-over-year basis. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $1.56 per share. The ex-dividend date is Wednesday, December 31st. This represents a $6.24 annualized dividend and a yield of 0.6%. Monolithic Power Systems's dividend payout ratio is presently 15.93%.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an "equal weight" rating in a report on Monday, October 20th. Wolfe Research set a $1,200.00 target price on shares of Monolithic Power Systems and gave the stock an "outperform" rating in a research report on Tuesday, October 14th. Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a "neutral" rating in a research report on Friday, October 31st. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Finally, Cowen reiterated a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average price target of $1,074.58.
View Our Latest Stock Analysis on MPWR
Institutional Investors Weigh In On Monolithic Power Systems
Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $438,014,000. JPMorgan Chase & Co. raised its holdings in Monolithic Power Systems by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company's stock valued at $626,592,000 after acquiring an additional 227,159 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Monolithic Power Systems in the 3rd quarter worth approximately $197,260,000. First Trust Advisors LP lifted its position in shares of Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company's stock worth $412,263,000 after acquiring an additional 178,622 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company's stock worth $386,991,000 after purchasing an additional 140,269 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Monolithic Power Systems Company Profile
(
Get Free Report)
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.
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