Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen Sells 110 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 110 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $121.09, for a total transaction of $13,319.90. Following the completion of the transaction, the chief financial officer now owns 40,884 shares of the company’s stock, valued at $4,950,643.56. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Friday, December 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The stock was sold at an average price of $117.91, for a total transaction of $54,120.69.
  • On Monday, November 20th, Theodore Blegen sold 79 shares of Monolithic Power Systems stock. The stock was sold at an average price of $122.75, for a total transaction of $9,697.25.
  • On Monday, October 30th, Theodore Blegen sold 462 shares of Monolithic Power Systems stock. The stock was sold at an average price of $120.68, for a total transaction of $55,754.16.
  • On Friday, September 1st, Theodore Blegen sold 459 shares of Monolithic Power Systems stock. The shares were sold at an average price of $101.42, for a total transaction of $46,551.78.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) remained flat at $$111.24 during trading hours on Wednesday. The company had a trading volume of 256,590 shares, compared to its average volume of 276,001. Monolithic Power Systems, Inc. has a 1-year low of $77.45 and a 1-year high of $126.80. The stock has a market cap of $4,616.68, a P/E ratio of 67.39, a PEG ratio of 3.44 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. research analysts predict that Monolithic Power Systems, Inc. will post 1.8 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $121,000. D.A. Davidson & CO. raised its stake in Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 172 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Monolithic Power Systems by 115.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 832 shares during the period. Fortaleza Asset Management Inc. raised its stake in Monolithic Power Systems by 50.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 640 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in Monolithic Power Systems by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 897 shares during the period. Institutional investors own 93.90% of the company’s stock.

MPWR has been the topic of several recent analyst reports. BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. KeyCorp reaffirmed a “buy” rating and set a $115.00 price target on shares of Monolithic Power Systems in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target on shares of Monolithic Power Systems in a report on Sunday, September 3rd. Finally, SunTrust Banks assumed coverage on shares of Monolithic Power Systems in a report on Tuesday, October 10th. They set a “buy” rating and a $132.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Monolithic Power Systems currently has an average rating of “Buy” and an average price target of $129.25.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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

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