Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Jeff Zhou Sells 200 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $750.00, for a total value of $150,000.00. Following the sale, the director now directly owns 6,069 shares of the company’s stock, valued at approximately $4,551,750. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Monolithic Power Systems Trading Up 0.5 %

NASDAQ:MPWR opened at $760.62 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $778.15. The stock has a 50 day moving average of $678.68 and a two-hundred day moving average of $643.07. The firm has a market cap of $37.03 billion, a P/E ratio of 90.66, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The company had revenue of $457.89 million during the quarter, compared to analyst estimates of $447.76 million. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 10.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MPWR. RiverPark Advisors LLC acquired a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $27,000. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the first quarter valued at approximately $31,000. Arlington Trust Co LLC lifted its holdings in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 23 shares during the last quarter. Operose Advisors LLC acquired a new position in Monolithic Power Systems in the third quarter valued at approximately $43,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at approximately $43,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. KeyCorp lifted their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Oppenheimer lifted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, TD Cowen lifted their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $743.78.

About Monolithic Power Systems

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.