Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $118.77, for a total value of $1,187,700.00. Following the completion of the transaction, the director now directly owns 696,815 shares in the company, valued at $82,760,717.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Monolithic Power Systems, Inc. (MPWR) traded up $0.03 on Friday, hitting $117.19. The company’s stock had a trading volume of 258,800 shares, compared to its average volume of 349,587. Monolithic Power Systems, Inc. has a one year low of $87.00 and a one year high of $126.80. The firm has a market cap of $4,875.50, a price-to-earnings ratio of 78.47, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27.
Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The company had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. Monolithic Power Systems’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. research analysts forecast that Monolithic Power Systems, Inc. will post 2.64 EPS for the current year.
MPWR has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a research report on Friday, October 27th. Oppenheimer upped their target price on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research report on Thursday, November 2nd. Finally, BidaskClub lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $129.25.
Several hedge funds have recently bought and sold shares of MPWR. Goldman Sachs Group Inc. raised its position in shares of Monolithic Power Systems by 103.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 836,929 shares of the semiconductor company’s stock valued at $94,038,000 after acquiring an additional 426,360 shares in the last quarter. Emerald Advisers Inc. PA acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at approximately $12,559,000. Macquarie Group Ltd. acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at approximately $12,546,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at approximately $10,546,000. Finally, Deutsche Bank AG raised its position in shares of Monolithic Power Systems by 139.6% during the 4th quarter. Deutsche Bank AG now owns 148,806 shares of the semiconductor company’s stock valued at $16,717,000 after acquiring an additional 86,705 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.
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.
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