Monolithic Power Systems, Inc. (MPWR) Director Sells $1,237,600.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 10,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $123.76, for a total value of $1,237,600.00. Following the sale, the director now owns 735,225 shares in the company, valued at $90,991,446. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Monolithic Power Systems, Inc. (MPWR) opened at $126.64 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $75.08 and a 1-year high of $126.68. The company has a market capitalization of $5,163.87, a price-to-earnings ratio of 75.38, a price-to-earnings-growth ratio of 3.85 and a beta of 1.28.

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

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Several hedge funds have recently bought and sold shares of MPWR. Quantbot Technologies LP purchased a new position in shares of Monolithic Power Systems in the second quarter worth $121,000. D.A. Davidson & CO. raised its stake in shares of Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 172 shares during the last quarter. Fortaleza Asset Management Inc. raised its stake in shares of Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 640 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 897 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. purchased a new position in shares of Monolithic Power Systems in the second quarter worth $203,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Several equities research analysts recently weighed in on MPWR shares. Oppenheimer Holdings, Inc. set a $120.00 price target on Monolithic Power Systems and gave the company a “buy” rating in a research report on Wednesday, July 26th. Stifel Nicolaus restated a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Needham & Company LLC restated a “buy” rating and set a $140.00 price target (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Monolithic Power Systems presently has an average rating of “Buy” and a consensus target price of $129.25.

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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