Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $49,636,500.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This represents a 12.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,600.84 on Monday. The company has a market capitalization of $78.65 billion, a P/E ratio of 115.42, a PEG ratio of 2.86 and a beta of 1.74. The business has a 50 day simple moving average of $1,252.72 and a 200-day simple moving average of $1,099.93. Monolithic Power Systems, Inc. has a twelve month low of $630.62 and a twelve month high of $1,662.00.

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, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the company posted $4.04 earnings per share. Research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

More Monolithic Power Systems News

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

Analysts Set New Price Targets

Several analysts recently commented on MPWR shares. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. TD Cowen boosted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Raymond James Financial restated an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Check Out Our Latest Analysis on Monolithic Power Systems

Institutional Trading of Monolithic Power Systems

A number of hedge funds have recently added to or reduced their stakes in MPWR. Covestor Ltd lifted its holdings 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 worth $36,000 after acquiring an additional 9 shares during the period. Bell Investment Advisors Inc grew its holdings in 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 increased its position in Monolithic Power Systems by 4.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 10 shares during the last quarter. CENTRAL TRUST Co increased its position in Monolithic Power Systems by 1.4% during the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 10 shares during the last quarter. Finally, YANKCOM Partnership raised its stake in Monolithic Power Systems by 6.7% during the fourth quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 11 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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

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