Insider Selling: Maurice Sciammas Unloads 27,000 Shares of Monolithic Power Systems Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) VP Maurice Sciammas unloaded 27,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $31.13, for a total transaction of $840,510.00. Following the transaction, the vice president now directly owns 104,638 shares of the company’s stock, valued at approximately $3,257,381. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Monolithic Power Systems (NASDAQ:MPWR) traded down 2.59% during mid-day trading on Tuesday, hitting $30.14. 398,608 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’s 50-day moving average is $30.16 and its 200-day moving average is $26.02. The company has a market cap of $1.134 billion and a P/E ratio of 82.95.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $1.04 EPS for the current fiscal year.
A number of analysts have recently weighed in on MPWR shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Monolithic Power Systems in a research note to investors on Monday, September 30th. They now have a $35.00 price target on the stock, up previously from $30.00. Separately, analysts at Needham & Company downgraded shares of Monolithic Power Systems 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. Finally, analysts at William Blair initiated coverage on shares of Monolithic Power Systems in a research note to investors on Friday, August 30th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Monolithic Power Systems currently has a consensus rating of “Buy” and an average price target of $31.80.
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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