Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang Sells 100 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the sale, the director now owns 776 shares in the company, valued at $504,400. This trade represents a 11.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Monolithic Power Systems Trading Down 0.3 %

NASDAQ MPWR opened at $638.21 on Friday. The business’s 50 day moving average is $572.75 and its two-hundred day moving average is $623.60. The stock has a market capitalization of $30.56 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to analysts’ expectations of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Monolithic Power Systems’s revenue was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 earnings per share. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Institutional Trading of Monolithic Power Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG increased its holdings in Monolithic Power Systems by 6.4% in the first quarter. Deutsche Bank AG now owns 169,196 shares of the semiconductor company’s stock valued at $98,130,000 after buying an additional 10,158 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in Monolithic Power Systems in the 1st quarter valued at approximately $253,000. Charles Schwab Investment Management Inc. raised its holdings in Monolithic Power Systems by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 335,986 shares of the semiconductor company’s stock worth $194,865,000 after purchasing an additional 10,163 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in Monolithic Power Systems during the first quarter worth $1,260,000. Finally, Citizens Financial Group Inc. RI grew its holdings in Monolithic Power Systems by 82.1% in the first quarter. Citizens Financial Group Inc. RI now owns 681 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 307 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MPWR. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. TD Cowen increased their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $779.83.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.