Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 728 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) CFO Theodore Blegen sold 728 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $495,040.00. Following the completion of the sale, the chief financial officer now owns 83,173 shares of the company’s stock, valued at approximately $56,557,640. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Thursday, February 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00.
  • On Thursday, January 4th, Theodore Blegen sold 27,613 shares of Monolithic Power Systems stock. The stock was sold at an average price of $583.14, for a total value 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 value 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 value of $1,578,400.00.

Monolithic Power Systems Price Performance

MPWR stock opened at $752.31 on Friday. The company has a market cap of $36.55 billion, a P/E ratio of 85.88, a price-to-earnings-growth ratio of 6.84 and a beta of 1.22. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $761.50. The stock’s fifty day moving average price is $613.65 and its 200-day moving average price is $535.67.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.66%. Monolithic Power Systems’s payout ratio is 45.66%.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC raised its holdings in Monolithic Power Systems by 140,338.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock valued at $362,025,000 after acquiring an additional 1,023,068 shares during the period. FMR LLC raised its holdings in Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after acquiring an additional 929,009 shares during the period. Norges Bank bought a new stake in Monolithic Power Systems during the fourth quarter valued at about $362,477,000. Winslow Capital Management LLC bought a new stake in Monolithic Power Systems during the second quarter valued at about $225,731,000. Finally, JPMorgan Chase & Co. raised its holdings in Monolithic Power Systems by 70.4% during the first quarter. JPMorgan Chase & Co. now owns 671,820 shares of the semiconductor company’s stock valued at $336,272,000 after acquiring an additional 277,563 shares during the period. 96.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen raised their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. KeyCorp raised their price objective on Monolithic Power Systems from $600.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday. Truist Financial reduced their price objective on Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Finally, Rosenblatt Securities increased their target price on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $668.30.

Check Out Our Latest Report 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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