Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Sells $599,627.38 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 869 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total transaction of $599,627.38. Following the transaction, the executive vice president now directly owns 203,521 shares of the company’s stock, valued at $140,433,560.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Monolithic Power Systems Trading Down 0.7 %

NASDAQ:MPWR traded down $5.35 during mid-day trading on Thursday, hitting $708.02. The stock had a trading volume of 352,472 shares, compared to its average volume of 541,293. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $778.15. The stock has a market capitalization of $34.48 billion, a price-to-earnings ratio of 84.64, a P/E/G ratio of 3.64 and a beta of 1.22. The company has a 50 day simple moving average of $678.93 and a 200-day simple moving average of $622.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds have recently made changes to their positions in the business. Kingsview Wealth Management LLC grew its stake in shares of Monolithic Power Systems by 62.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 1,683 shares of the semiconductor company’s stock worth $1,140,000 after purchasing an additional 646 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after buying an additional 9,125 shares during the period. Fortis Capital Advisors LLC acquired a new position in shares of Monolithic Power Systems in the first quarter worth about $287,000. Patton Fund Management Inc. acquired a new position in shares of Monolithic Power Systems in the first quarter worth about $6,480,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Monolithic Power Systems by 61.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock worth $2,010,000 after buying an additional 1,124 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MPWR. KeyCorp raised their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Oppenheimer raised their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $743.78.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.