Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas Sells 12,000 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president now owns 4,015 shares of the company’s stock, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $737.73 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The firm has a market cap of $35.32 billion, a PE ratio of 20.06, a PEG ratio of 2.60 and a beta of 1.18. The company has a 50 day simple moving average of $574.69 and a two-hundred day simple moving average of $618.50.

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

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds have recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its position in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $29,000. SouthState Corp purchased a new stake in shares of Monolithic Power Systems in the 1st quarter valued at $33,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Oppenheimer restated an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities reiterated a “neutral” rating and set a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Citigroup increased their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.