Monolithic Power Systems (NASDAQ:MPWR) Director Sells $825,000.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) Director Jeff Zhou sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,650.00, for a total value of $825,000.00. Following the completion of the transaction, the director directly owned 4,286 shares of the company’s stock, valued at approximately $7,071,900. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, May 5th, Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,587.06, for a total value of $1,609,278.84.

Monolithic Power Systems Stock Up 1.6%

MPWR stock opened at $1,600.84 on Friday. The business has a 50 day moving average of $1,252.72 and a 200-day moving average of $1,099.93. Monolithic Power Systems, Inc. has a 12-month low of $630.62 and a 12-month high of $1,662.00. The firm has a market cap of $78.65 billion, a PE ratio of 115.42, a P/E/G ratio of 2.82 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same period in the prior year, the company earned $4.04 earnings per share. Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. On average, research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Institutional Investors Weigh In On Monolithic Power Systems

Institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC raised its position in Monolithic Power Systems by 88.9% during the third 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 in the last quarter. AE Wealth Management LLC purchased a new stake in Monolithic Power Systems during the third quarter valued at about $1,121,000. Candriam S.C.A. raised its position in 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 purchasing an additional 5,561 shares in the last quarter. Vanguard Group Inc. raised its position in Monolithic Power Systems by 2.3% during 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. Finally, First Trust Advisors LP raised its position in Monolithic Power Systems by 66.4% during 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. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Key Headlines Impacting Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

Wall Street Analysts Forecast Growth

MPWR has been the subject of several research reports. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Rosenblatt Securities increased their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

View Our Latest Stock Report on MPWR

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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