The Theodore Blegen Sells 284 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

The Theodore Blegen Sells 284 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CFO Theodore Blegen sold 284 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $88.75, for a total transaction of $25,205.00. Following the sale, the chief financial officer now owns 47,421 shares in the company, valued at $4,208,613.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded down 1.15% during mid-day trading on Monday, reaching $87.55. 40,020 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.60 billion, a PE ratio of 69.48 and a beta of 1.32. Monolithic Power Systems, Inc. has a 1-year low of $58.01 and a 1-year high of $91.76. The company’s 50 day moving average is $88.07 and its 200 day moving average is $81.46.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Monolithic Power Systems had a net margin of 13.56% and a return on equity of 13.42%. The firm had revenue of $103.60 million for the quarter, compared to the consensus estimate of $103.09 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post $2.82 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in MPWR. Fortaleza Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 8.5% in the fourth quarter. Fortaleza Asset Management Inc. now owns 1,275 shares of the company’s stock worth $104,000 after buying an additional 100 shares during the period. Advisor Group Inc. increased its stake in shares of Monolithic Power Systems by 4.5% in the third quarter. Advisor Group Inc. now owns 2,061 shares of the company’s stock worth $166,000 after buying an additional 88 shares during the period. LS Investment Advisors LLC increased its stake in shares of Monolithic Power Systems by 86.3% in the third quarter. LS Investment Advisors LLC now owns 2,401 shares of the company’s stock worth $193,000 after buying an additional 1,112 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Monolithic Power Systems during the third quarter worth about $200,000. Finally, Smithfield Trust Co. purchased a new stake in shares of Monolithic Power Systems during the third quarter worth about $200,000. 97.46% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on MPWR. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $95.00 price objective (up from $88.00) on shares of Monolithic Power Systems in a research report on Monday, February 6th. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $98.00 price objective on the stock in a research report on Friday, February 17th. Needham & Company LLC restated a “buy” rating and set a $87.00 price objective on shares of Monolithic Power Systems in a research report on Tuesday, January 10th. Finally, Raymond James Financial, Inc. upgraded shares of Monolithic Power Systems from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $83.00 to $100.00 in a report on Monday, November 21st. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Monolithic Power Systems presently has a consensus rating of “Buy” and an average price target of $91.00.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

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