Insider Selling: Monolithic Power Systems, Inc. (MPWR) Insider Sells $626,080.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) insider Deming Xiao sold 4,816 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $130.00, for a total value of $626,080.00. Following the sale, the insider now owns 329,739 shares of the company’s stock, valued at approximately $42,866,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Deming Xiao also recently made the following trade(s):

  • On Friday, May 4th, Deming Xiao sold 5,643 shares of Monolithic Power Systems stock. The stock was sold at an average price of $120.01, for a total value of $677,216.43.

Monolithic Power Systems opened at $130.59 on Friday, according to Marketbeat. Monolithic Power Systems, Inc. has a 1-year low of $93.69 and a 1-year high of $131.90. The company has a market capitalization of $5.51 billion, a PE ratio of 70.59, a price-to-earnings-growth ratio of 2.92 and a beta of 1.29.

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, beating analysts’ consensus estimates of $0.77 by $0.02. Monolithic Power Systems had a net margin of 14.52% and a return on equity of 17.04%. The company had revenue of $129.20 million during the quarter, compared to the consensus estimate of $125.18 million. During the same period in the previous year, the business earned $0.58 earnings per share. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. analysts predict that Monolithic Power Systems, Inc. will post 2.48 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its position in Monolithic Power Systems by 13.1% during the fourth quarter. American Century Companies Inc. now owns 98,613 shares of the semiconductor company’s stock valued at $11,080,000 after purchasing an additional 11,456 shares in the last quarter. Swiss National Bank raised its position in Monolithic Power Systems by 2.0% during the fourth quarter. Swiss National Bank now owns 66,900 shares of the semiconductor company’s stock valued at $7,517,000 after purchasing an additional 1,300 shares in the last quarter. Virtu Financial LLC acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $580,000. Millennium Management LLC acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $5,936,000. Finally, Thrivent Financial For Lutherans raised its position in Monolithic Power Systems by 14.4% during the fourth quarter. Thrivent Financial For Lutherans now owns 212,269 shares of the semiconductor company’s stock valued at $23,851,000 after purchasing an additional 26,800 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

A number of brokerages have recently issued reports on MPWR. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Cowen began coverage on shares of Monolithic Power Systems in a research report on Thursday, May 17th. They issued an “outperform” rating and a $150.00 price target for the company. KeyCorp lifted their price target on shares of Monolithic Power Systems from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, May 1st. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $137.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, May 1st. Finally, William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Tuesday, May 8th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Monolithic Power Systems 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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