Insider Selling: Maurice Sciammas Sells 63,767 Shares of Monolithic Power Systems Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) VP Maurice Sciammas sold 63,767 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $30.53, for a total value of $1,946,806.51. Following the transaction, the vice president now directly owns 104,638 shares of the company’s stock, valued at approximately $3,194,598. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Monolithic Power Systems currently has a consensus rating of “Buy” and an average target price of $30.80.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 0.98% during mid-day trading on Wednesday, hitting $30.18. 221,670 shares of the company’s stock traded hands. Monolithic Power Systems has a 52-week low of $17.17 and a 52-week high of $31.44. The stock’s 50-day moving average is $29.64 and its 200-day moving average is $25.60. The company has a market cap of $1.136 billion and a price-to-earnings ratio of 81.72.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. 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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