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 company’s stock in a transaction on Tuesday, May 26th. The stock was 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 of the company’s stock, valued at approximately $6,384,000. This represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

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

Monolithic Power Systems Trading Down 2.6%

Shares of NASDAQ:MPWR traded down $42.81 during midday trading on Wednesday, reaching $1,620.17. 858,570 shares of the company were exchanged, compared to its average volume of 644,963. The business’s fifty day moving average is $1,390.37 and its two-hundred day moving average is $1,154.17. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,714.09. The stock has a market cap of $79.60 billion, a PE ratio of 116.81, a price-to-earnings-growth ratio of 2.97 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last released 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. The company had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.04 earnings per share. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $34,000. IFP Advisors Inc raised its stake in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd raised its stake in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $38,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent research reports. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.