Monolithic Power Systems, Inc. (MPWR) Director Sells $1,705,500.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $113.70, for a total value of $1,705,500.00. Following the completion of the transaction, the director now directly owns 720,225 shares of the company’s stock, valued at approximately $81,889,582.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Monolithic Power Systems, Inc. (NASDAQ MPWR) traded up $1.09 during midday trading on Tuesday, hitting $113.88. 394,800 shares of the stock traded hands, compared to its average volume of 277,188. Monolithic Power Systems, Inc. has a 12-month low of $78.62 and a 12-month high of $126.80. The stock has a market cap of $4,682.69, a price-to-earnings ratio of 68.36, a P/E/G ratio of 3.49 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm had revenue of $128.90 million during the quarter, compared to analyst estimates of $126.11 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current fiscal year.

A number of brokerages have weighed in on MPWR. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. KeyCorp reissued a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a research report on Friday, September 1st. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Oppenheimer boosted their target price on Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $129.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Visionary Asset Management Inc. purchased a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at about $232,000. Neuberger Berman Group LLC grew its stake in shares of Monolithic Power Systems by 0.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 318,008 shares of the semiconductor company’s stock valued at $33,884,000 after acquiring an additional 2,373 shares during the period. California Public Employees Retirement System grew its stake in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 126,844 shares of the semiconductor company’s stock valued at $13,515,000 after acquiring an additional 2,944 shares during the period. Earnest Partners LLC grew its stake in shares of Monolithic Power Systems by 0.4% during the 3rd quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock valued at $105,312,000 after acquiring an additional 3,973 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter valued at approximately $919,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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

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