Monolithic Power Systems (NASDAQ:MPWR) Director Sells $816,480.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the transaction, the director owned 3,800 shares in the company, valued at approximately $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jeff Zhou also recently made the following trade(s):

• On Wednesday, May 6th, Jeff Zhou sold 500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,650.00, for a total transaction of $825,000.00.
• On Tuesday, May 5th, Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84.

Monolithic Power Systems Trading Down 4.1%

Shares of NASDAQ:MPWR opened at $1,566.21 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $643.36 and a 12-month high of $1,714.09. The business’s fifty day simple moving average is $1,411.52 and its 200-day simple moving average is $1,161.77. The company has a market capitalization of $76.95 billion, a PE ratio of 112.92, a P/E/G ratio of 2.92 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) 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. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the business posted $4.04 EPS. The business’s revenue was up 26.1% compared to the same quarter last year. Research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

More Monolithic Power Systems News

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

• Negative Sentiment: EVP Saria Tseng disclosed a sale of 7,565 shares at an average price of $1,700, trimming her position by about 5%. Insiders at Monolithic Power have been actively selling lately, which can signal that management sees less near-term upside. Article Title
• Negative Sentiment: Director Jeff Zhou also sold 486 shares at $1,680, continuing a recent pattern of insider selling at MPWR. Multiple insider sales in a short period often pressure sentiment, even if the amounts are small relative to total holdings. Article Title
• Negative Sentiment: Separate coverage noted that insiders have sold roughly $515 million of Monolithic Power stock, reinforcing concerns that the shares may be getting expensive after a strong run. Article Title
• Negative Sentiment: GuruFocus said MPWR still looks overvalued despite the recent rally, adding to valuation anxiety as the stock trades near its highs. Article Title

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC raised its holdings in shares of Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares during the last quarter. Norges Bank purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth $658,656,000. Royal Bank of Canada raised its holdings in shares of Monolithic Power Systems by 168.1% during the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after purchasing an additional 296,788 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Monolithic Power Systems by 77,483.1% during the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MPWR. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, TD Cowen raised their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Company Profile

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.