Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) Director Sells $19,019,520.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) Director Eugen Elmiger sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,600.84 on Monday. Monolithic Power Systems, Inc. has a 52 week low of $630.62 and a 52 week high of $1,662.00. The company has a 50 day moving average price of $1,252.72 and a 200 day moving average price of $1,099.93. The firm has a market cap of $78.65 billion, a PE ratio of 115.42, a price-to-earnings-growth ratio of 2.86 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. During the same period last year, the firm earned $4.04 earnings per share. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MPWR shares. Rosenblatt Securities increased their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Get Our Latest Stock Report on MPWR

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC boosted its position in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares during the last quarter. Norges Bank purchased a new position in Monolithic Power Systems during the 4th quarter worth approximately $658,656,000. Invesco Ltd. lifted its stake in Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after acquiring an additional 295,556 shares during the period. SG Americas Securities LLC lifted its stake in Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after acquiring an additional 261,893 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after acquiring an additional 253,653 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Key Monolithic Power Systems News

Here are the key news stories impacting Monolithic Power Systems this week:

Monolithic Power Systems Company Profile

(Get Free Report)

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

See Also

Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.