Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Sells 2,416 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 2,416 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $731.43, for a total transaction of $1,767,134.88. Following the transaction, the chief financial officer now directly owns 72,486 shares in the company, valued at approximately $53,018,434.98. 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 Wednesday, May 8th, Theodore Blegen sold 737 shares of Monolithic Power Systems stock. The stock was sold at an average price of $689.98, for a total transaction of $508,515.26.
• 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 transaction of $1,658,225.00.

Monolithic Power Systems Trading Up 4.3 %

NASDAQ MPWR traded up $31.05 during trading hours on Wednesday, reaching $757.61. The company had a trading volume of 497,534 shares, compared to its average volume of 520,803. The stock has a 50-day moving average of $691.52 and a 200 day moving average of $658.62. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $778.15. The stock has a market capitalization of $36.88 billion, a P/E ratio of 86.60, a price-to-earnings-growth ratio of 3.78 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.03 EPS for the current year.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds have recently added to or reduced their stakes in the stock. RiverPark Advisors LLC purchased a new position in shares of Monolithic Power Systems during the first quarter worth approximately $27,000. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the first quarter worth approximately $31,000. Arlington Trust Co LLC grew its position in shares of Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 23 shares during the last quarter. Operose Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the third quarter worth $43,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $43,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on MPWR. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. TD Cowen boosted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Finally, KeyCorp upped their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $743.78.

Monolithic Power Systems Company Profile

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.