Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $18,736,800.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the sale, the executive vice president directly owned 166,644 shares of the company’s stock, valued at $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,588.73, for a total value of $47,661.90.
• On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,583.81, for a total value of $601,847.80.
• On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,116.44, for a total value of $33,493.20.
• On Friday, March 20th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,095.07, for a total value of $32,852.10.

Monolithic Power Systems Price Performance

MPWR opened at $1,561.25 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,675.42. The stock has a market capitalization of $76.70 billion, a P/E ratio of 112.56, a P/E/G ratio of 2.78 and a beta of 1.74. The business has a 50 day simple moving average of $1,345.81 and a 200-day simple moving average of $1,136.27.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the business posted $4.04 EPS. Monolithic Power Systems’s quarterly revenue was up 26.1% on a year-over-year basis. Research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MPWR shares. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Needham & Company LLC raised their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds have recently bought and sold shares of the stock. Royal Fund Management LLC grew its position in shares of Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 7 shares during the period. Covestor Ltd grew its position in shares of Monolithic Power Systems by 29.0% in 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 during the period. Bell Investment Advisors Inc grew its position in shares of Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares during the period. Resonant Capital Advisors LLC grew its position in shares of Monolithic Power Systems by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares during the period. Finally, CENTRAL TRUST Co grew its position in shares of Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

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.