Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) Director Sells $530,197.80 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) Director Eileen Wynne sold 335 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the transaction, the director directly owned 1,007 shares in the company, valued at approximately $1,593,758.76. The trade was a 24.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,600.84 on Monday. The company has a market cap of $78.65 billion, a P/E ratio of 115.42, a PEG ratio of 2.86 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1 year low of $630.62 and a 1 year high of $1,662.00. The stock’s fifty day moving average price is $1,252.72 and its 200-day moving average price is $1,099.93.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced 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. The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.04 earnings per share. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Institutional Trading of Monolithic Power Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $34,000. IFP Advisors Inc grew its stake in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd grew its stake in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $38,000. Finally, Cornerstone Planning Group LLC raised its stake in Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Cowen upped their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

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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.

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