Monolithic Power Systems Director Pilkington Karen Smith- Sells 25,000 Shares (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Director Pilkington Karen Smith- sold 25,000 shares of Monolithic Power Systems 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 $793,750.00. Following the completion of the sale, the director now directly owns 14,789 shares of the company’s stock, valued at approximately $469,551. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Monolithic Power Systems (NASDAQ:MPWR) traded up 1.47% 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’s 50-day moving average is $28.78 and its 200-day moving average is $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 released its earnings data 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. On average, analysts predict that Monolithic Power Systems will post $1.05 earnings per share for the current fiscal year.
MPWR has been the subject of a number of recent research reports. 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 issued a buy rating to the company’s stock. Monolithic Power Systems presently has an average rating of “Buy” and an average target price 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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