Monolithic Power Systems Inc (NASDAQ:MPWR) CEO Michael Hsing sold 17,633 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $126.75, for a total value of $2,234,982.75. Following the sale, the chief executive officer now owns 1,188,575 shares of the company’s stock, valued at approximately $150,651,881.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Michael Hsing also recently made the following trade(s):

  • On Friday, May 4th, Michael Hsing sold 18,581 shares of Monolithic Power Systems stock. The stock was sold at an average price of $120.01, for a total value of $2,229,905.81.
  • On Monday, April 2nd, Michael Hsing sold 20,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $111.90, for a total value of $2,238,000.00.
  • On Wednesday, February 21st, Michael Hsing sold 53,029 shares of Monolithic Power Systems stock. The stock was sold at an average price of $118.48, for a total value of $6,282,875.92.
  • On Wednesday, February 14th, Michael Hsing sold 20,429 shares of Monolithic Power Systems stock. The stock was sold at an average price of $111.15, for a total value of $2,270,683.35.

NASDAQ MPWR opened at $128.76 on Friday. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 69.60, a P/E/G ratio of 2.82 and a beta of 1.29. Monolithic Power Systems Inc has a fifty-two week low of $126.13 and a fifty-two week high of $127.21.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $129.20 million during the quarter, compared to analysts’ expectations of $125.18 million. Monolithic Power Systems had a return on equity of 17.04% and a net margin of 14.52%. Monolithic Power Systems’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. equities analysts forecast that Monolithic Power Systems Inc will post 2.48 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPWR. Captrust Financial Advisors purchased a new position in Monolithic Power Systems in the 4th quarter worth approximately $106,000. State of Alaska Department of Revenue acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $120,000. Cerebellum GP LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $127,000. Zeke Capital Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $201,000. Finally, Suntrust Banks Inc. acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

A number of brokerages have recently issued reports on MPWR. Cowen began coverage on Monolithic Power Systems in a report on Thursday. They set an “outperform” rating and a $150.00 target price for the company. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, May 4th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Tuesday, May 8th. Zacks Investment Research cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Finally, BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 14th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $133.80.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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

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