Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 188 shares of Monolithic Power Systems stock in a transaction on Friday, August 18th. The shares were sold at an average price of $99.31, for a total value of $18,670.28. Following the completion of the transaction, the chief financial officer now owns 42,092 shares in the company, valued at approximately $4,180,156.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, July 31st, Theodore Blegen sold 462 shares of Monolithic Power Systems stock. The shares were sold at an average price of $102.60, for a total value of $47,401.20.
  • On Monday, June 26th, Theodore Blegen sold 4,604 shares of Monolithic Power Systems stock. The shares were sold at an average price of $99.00, for a total value of $455,796.00.

Monolithic Power Systems, Inc. (MPWR) traded down 1.78% during midday trading on Monday, hitting $95.87. The company had a trading volume of 317,916 shares. Monolithic Power Systems, Inc. has a 52 week low of $71.60 and a 52 week high of $107.87. The firm’s 50 day moving average is $101.01 and its 200-day moving average is $94.94. The firm has a market capitalization of $3.97 billion, a P/E ratio of 67.61 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $112.20 million during the quarter, compared to analyst estimates of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. Monolithic Power Systems’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in Monolithic Power Systems by 109.7% in the fourth quarter. Teachers Advisors LLC now owns 131,225 shares of the semiconductor company’s stock worth $10,751,000 after buying an additional 68,638 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Monolithic Power Systems by 27.6% in the first quarter. Capstone Asset Management Co. now owns 5,353 shares of the semiconductor company’s stock valued at $493,000 after buying an additional 1,157 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Monolithic Power Systems by 3.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the semiconductor company’s stock valued at $884,000 after buying an additional 300 shares during the period. Columbus Circle Investors raised its stake in shares of Monolithic Power Systems by 8.3% in the first quarter. Columbus Circle Investors now owns 20,952 shares of the semiconductor company’s stock valued at $1,930,000 after buying an additional 1,602 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Monolithic Power Systems by 1.2% in the first quarter. Retirement Systems of Alabama now owns 48,901 shares of the semiconductor company’s stock valued at $4,504,000 after buying an additional 579 shares during the period. Institutional investors own 93.36% of the company’s stock.

Several equities research analysts recently weighed in on the company. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective (up previously from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price objective (up previously from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price objective on Monolithic Power Systems and gave the company a “buy” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Monolithic Power Systems has a consensus rating of “Buy” and an average price target of $112.29.

About Monolithic Power Systems

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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