Monolithic Power Systems, Inc. (MPWR) Director James C. Moyer Sells 15,000 Shares
Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $113.70, for a total value of $1,705,500.00. Following the sale, the director now owns 720,225 shares of the company’s stock, valued at $81,889,582.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Monolithic Power Systems, Inc. (MPWR) opened at $112.81 on Wednesday. The firm has a market capitalization of $4,727.95, a P/E ratio of 69.02, a PEG ratio of 3.52 and a beta of 1.26. Monolithic Power Systems, Inc. has a twelve month low of $81.36 and a twelve month high of $126.80.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The business had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. research analysts forecast that Monolithic Power Systems, Inc. will post 1.8 EPS for the current year.
Several institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $121,000. D.A. Davidson & CO. lifted its holdings in Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares during the last quarter. Fortaleza Asset Management Inc. lifted its holdings in Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 640 shares during the last quarter. FDx Advisors Inc. acquired a new position in Monolithic Power Systems in the third quarter valued at approximately $221,000. Finally, Riverhead Capital Management LLC lifted its holdings in Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 897 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. SunTrust Banks initiated coverage on Monolithic Power Systems in a report on Tuesday, October 10th. They set a “buy” rating and a $132.00 target price on the stock. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $129.25.
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Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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