Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $47,661.90 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $1,588.73, for a total transaction of $47,661.90. Following the completion of the sale, the executive vice president owned 1,209 shares in the company, valued at $1,920,774.57. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maurice Sciammas also recently made the following trade(s):

  • On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,583.81, for a total transaction of $601,847.80.
  • On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,116.44, for a total transaction of $33,493.20.
  • On Friday, March 20th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,095.07, for a total transaction of $32,852.10.
  • On Wednesday, February 11th, Maurice Sciammas sold 200 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,179.97, for a total transaction of $235,994.00.
  • On Friday, February 6th, Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,600.84 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $630.62 and a 52-week high of $1,662.00. The company’s 50 day simple moving average is $1,252.72 and its 200-day simple moving average is $1,099.93. The firm has a market capitalization of $78.65 billion, a P/E ratio of 115.42, a P/E/G ratio of 2.82 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the previous year, the business earned $4.04 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPWR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems during the fourth quarter valued at approximately $34,000. IFP Advisors Inc grew its position in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd grew its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at approximately $38,000. Finally, Cornerstone Planning Group LLC grew its position in Monolithic Power Systems by 542.9% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 38 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Get Our Latest Report on Monolithic Power Systems

Key Headlines Impacting Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

About Monolithic Power Systems

(Get Free Report)

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

Read More

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.