Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 131 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $139.56, for a total value of $18,282.36. Following the completion of the transaction, the chief financial officer now directly owns 56,125 shares in the company, valued at $7,832,805. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, August 20th, Theodore Blegen sold 181 shares of Monolithic Power Systems stock. The stock was sold at an average price of $139.96, for a total value of $25,332.76.

NASDAQ:MPWR opened at $141.97 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $95.50 and a 12 month high of $142.91. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 64.55, a P/E/G ratio of 2.29 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 EPS for the quarter, meeting the consensus estimate of $0.90. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The company had revenue of $139.76 million for the quarter, compared to analyst estimates of $139.45 million. During the same period last year, the company posted $0.68 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. equities research analysts anticipate that Monolithic Power Systems, Inc. will post 2.45 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC purchased a new position in Monolithic Power Systems in the second quarter valued at about $1,420,000. Jane Street Group LLC purchased a new position in Monolithic Power Systems in the second quarter valued at about $4,779,000. Advisors Asset Management Inc. raised its position in Monolithic Power Systems by 1,062.4% in the second quarter. Advisors Asset Management Inc. now owns 226,626 shares of the semiconductor company’s stock valued at $3,806,000 after purchasing an additional 207,129 shares during the period. Granahan Investment Management Inc. MA raised its position in Monolithic Power Systems by 18.3% in the second quarter. Granahan Investment Management Inc. MA now owns 18,126 shares of the semiconductor company’s stock valued at $2,423,000 after purchasing an additional 2,804 shares during the period. Finally, Millennium Management LLC purchased a new position in Monolithic Power Systems in the second quarter valued at about $39,941,000. 89.86% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on MPWR. Needham & Company LLC increased their target price on Monolithic Power Systems from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Stifel Nicolaus increased their target price on Monolithic Power Systems from $147.00 to $155.00 and gave the stock a “$141.80” rating in a research report on Thursday, July 19th. Oppenheimer increased their target price on Monolithic Power Systems from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, June 11th. Cowen increased their target price on Monolithic Power Systems from $150.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, June 8th. Finally, Deutsche Bank increased their target price on Monolithic Power Systems from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $146.67.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers 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, monitors, automobiles, and medical equipment.

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

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