Monolithic Power Systems Director Unloads $517,650 in Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Director James Moyer sold 17,000 shares of Monolithic Power Systems stock on the open market in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $30.45, for a total value of $517,650.00. Following the completion of the sale, the director now directly owns 1,006,301 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MPWR shares. Analysts at Needham & Company downgraded shares of Monolithic Power Systems (NASDAQ:MPWR) from a “buy” rating to a “hold” rating in a research note to investors on Friday, September 13th. They now have a $30.00 price target on the stock. Separately, analysts at William Blair initiated coverage on shares of Monolithic Power Systems (NASDAQ:MPWR) in a research note to investors on Friday, August 30th. They set an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Monolithic Power Systems (NASDAQ:MPWR) from $32.00 to $34.00 in a research note to investors on Thursday, August 29th. They now have a “buy” rating on the stock.
Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $30.80.
Monolithic Power Systems (NASDAQ:MPWR) traded up 0.33% during mid-day trading on Wednesday, hitting $30.65. 158,887 shares of the company’s stock traded hands. Monolithic Power Systems has a 1-year low of $17.17 and a 1-year high of $31.44. The stock has a 50-day moving average of $29.0 and a 200-day moving average of $25.38. The company has a market cap of $1.154 billion and a price-to-earnings ratio of 81.90.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.01. The company had revenue of $57.70 million for the quarter, compared to the consensus estimate of $57.55 million. During the same quarter last year, the company posted $0.28 earnings per share. Monolithic Power Systems’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Monolithic Power Systems will post $1.04 earnings per share for the current fiscal year.
Monolithic Power Systems, Inc (NASDAQ:MPWR) is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors.
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