Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 2,500 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the sale, the chief financial officer now owns 84,768 shares in the company, valued at $51,137,143.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, January 4th, Theodore Blegen sold 27,613 shares of Monolithic Power Systems stock. The shares were sold at an average price of $583.14, for a total transaction of $16,102,244.82.
  • On Tuesday, January 2nd, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $615.71, for a total transaction of $1,539,275.00.
  • On Monday, December 18th, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $631.36, for a total transaction of $1,578,400.00.
  • On Wednesday, November 8th, Theodore Blegen sold 712 shares of Monolithic Power Systems stock. The shares were sold at an average price of $490.39, for a total transaction of $349,157.68.

Monolithic Power Systems Trading Down 2.0 %

NASDAQ MPWR opened at $632.98 on Wednesday. The company has a market cap of $30.35 billion, a PE ratio of 68.58, a PEG ratio of 5.90 and a beta of 1.22. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $652.86. The stock has a 50 day moving average of $604.17 and a 200-day moving average of $531.94.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, December 28th. Monolithic Power Systems’s payout ratio is presently 43.34%.

Institutional Investors Weigh In On Monolithic Power Systems

Several large investors have recently made changes to their positions in MPWR. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $27,000. Achmea Investment Management B.V. acquired a new stake in shares of Monolithic Power Systems in the 1st quarter valued at approximately $27,000. Washington Trust Advisors Inc. acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at $34,000. Carolinas Wealth Consulting LLC acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at $35,000. Finally, Sunbelt Securities Inc. acquired a new stake in Monolithic Power Systems during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 96.52% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research reports. Truist Financial lowered their target price on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Oppenheimer increased their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Needham & Company LLC lowered their target price on Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Finally, Rosenblatt Securities increased their target price on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $581.92.

View Our Latest Analysis on MPWR

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 computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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

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