Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells $508,515.26 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 737 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $689.98, for a total value of $508,515.26. Following the transaction, the chief financial officer now owns 74,986 shares in the company, valued at $51,738,840.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, May 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00.
• On Friday, March 1st, Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $725.76, for a total value of $1,814,400.00.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $702.54 on Friday. The firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 83.74, a price-to-earnings-growth ratio of 3.66 and a beta of 1.22. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $778.15. The stock’s fifty day moving average is $677.86 and its 200-day moving average is $626.20.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The business had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Analysts forecast that Monolithic Power Systems, Inc. will post 10.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several analyst reports. KeyCorp increased their target price on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. TD Cowen increased their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Truist Financial increased their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, 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 report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $743.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MPWR. Commonwealth Equity Services LLC grew its holdings in Monolithic Power Systems by 6.1% during the third quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company’s stock worth $1,317,000 after acquiring an additional 165 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Monolithic Power Systems by 1.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company’s stock worth $7,264,000 after acquiring an additional 174 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Monolithic Power Systems by 16.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,579 shares of the semiconductor company’s stock worth $8,121,000 after acquiring an additional 2,531 shares during the period. IFM Investors Pty Ltd grew its holdings in Monolithic Power Systems by 1.3% during the third quarter. IFM Investors Pty Ltd now owns 8,665 shares of the semiconductor company’s stock worth $4,003,000 after acquiring an additional 108 shares during the period. Finally, Advisor Partners II LLC grew its holdings in Monolithic Power Systems by 2.2% during the third quarter. Advisor Partners II LLC now owns 3,327 shares of the semiconductor company’s stock worth $1,537,000 after acquiring an additional 73 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

About Monolithic Power Systems

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.