Monolithic Power Systems (NASDAQ:MPWR) Director Sells $19,019,520.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) Director Eugen Elmiger sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the sale, the director owned 5,402 shares in the company, valued at approximately $8,561,953.92. This represents a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded up $24.88 during midday trading on Friday, reaching $1,600.84. The stock had a trading volume of 686,556 shares, compared to its average volume of 620,802. The firm has a market cap of $78.65 billion, a price-to-earnings ratio of 115.42, a price-to-earnings-growth ratio of 2.82 and a beta of 1.74. Monolithic Power Systems, Inc. has a twelve month low of $630.62 and a twelve month high of $1,662.00. The company’s 50 day moving average price is $1,252.72 and its 200 day moving average price is $1,099.93.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm 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%. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.04 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

MPWR has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Rosenblatt Securities upped their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Stifel Nicolaus upped their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Check Out Our Latest Stock Report on MPWR

More Monolithic Power Systems News

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Hedge Funds Weigh In On Monolithic Power Systems

A number of institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC boosted its stake in Monolithic Power Systems by 88.9% during the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock valued at $2,016,000 after purchasing an additional 1,031 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the third quarter worth approximately $1,121,000. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares in the last quarter. Finally, Candriam S.C.A. boosted its position in shares of Monolithic Power Systems by 6.9% during the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after buying an additional 5,561 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

About Monolithic Power Systems

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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