Insider Selling: Monolithic Power Systems, Inc. (MPWR) VP Sells 10,828 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Maurice Sciammas sold 10,828 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $101.60, for a total transaction of $1,100,124.80. Following the transaction, the vice president now directly owns 374,994 shares of the company’s stock, valued at approximately $38,099,390.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 97.61 on Friday. The company has a market cap of $4.04 billion, a PE ratio of 68.84 and a beta of 1.23. Monolithic Power Systems, Inc. has a 1-year low of $71.60 and a 1-year high of $107.87. The company has a 50-day moving average of $101.01 and a 200-day moving average of $94.94.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The business had revenue of $112.20 million for the quarter, compared to analyst estimates of $110.94 million. During the same period last year, the firm earned $0.54 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts forecast that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in MPWR. Eagle Asset Management Inc. raised its position in Monolithic Power Systems by 8.1% in the first quarter. Eagle Asset Management Inc. now owns 78,090 shares of the semiconductor company’s stock worth $7,192,000 after buying an additional 5,881 shares in the last quarter. Teachers Advisors LLC raised its position in Monolithic Power Systems by 109.7% in the fourth quarter. Teachers Advisors LLC now owns 131,225 shares of the semiconductor company’s stock worth $10,751,000 after buying an additional 68,638 shares in the last quarter. Bank of Montreal Can raised its position in Monolithic Power Systems by 110.0% in the first quarter. Bank of Montreal Can now owns 373,545 shares of the semiconductor company’s stock worth $34,404,000 after buying an additional 195,666 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Monolithic Power Systems by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,461 shares of the semiconductor company’s stock worth $26,502,000 after buying an additional 4,174 shares in the last quarter. Finally, Norges Bank acquired a new position in Monolithic Power Systems during the fourth quarter worth approximately $21,332,000. 93.36% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on MPWR. BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $140.00 price objective (up previously from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $117.00 price objective (up previously from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price objective on shares of Monolithic Power Systems and gave the stock a “buy” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company. Monolithic Power Systems has an average rating of “Buy” and an average target price of $112.29.

About Monolithic Power Systems

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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