Monolithic Power Systems CFO Unloads $158,750 in Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) CFO Meera Rao sold 5,000 shares of the company’s stock on the open market in a transaction dated Friday, October 25th. The stock was sold at an average price of $31.75, for a total transaction of $158,750.00. Following the completion of the transaction, the chief financial officer now directly owns 58,769 shares of the company’s stock, valued at approximately $1,865,916. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Monolithic Power Systems (NASDAQ:MPWR) traded up 1.47% during mid-day trading on Tuesday, hitting $32.35. The stock had a trading volume of 318,833 shares. Monolithic Power Systems has a one year low of $17.17 and a one year high of $31.44. The stock has a 50-day moving average of $28.78 and a 200-day moving average of $25.29. The company has a market cap of $1.237 billion and a price-to-earnings ratio of 78.33.
Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 24th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01. The company had revenue of $65.30 million for the quarter, compared to the consensus estimate of $65.22 million. During the same quarter last year, the company posted $0.27 earnings per share. Monolithic Power Systems’s revenue was up 13.2% compared to the same quarter last year. Analysts expect that Monolithic Power Systems will post $1.05 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Monolithic Power Systems in a research note to investors on Friday. They now have a $35.00 price target on the stock. Separately, analysts at Oppenheimer upgraded shares of Monolithic Power Systems from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $36.00 price target on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Monolithic Power Systems from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, October 18th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.40.
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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