Monolithic Power Systems Insider Sells $168,835 in Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Insider Deming Xiao sold 5,321 shares of Monolithic Power Systems stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.73, for a total value of $168,835.33. Following the completion of the transaction, the insider now directly owns 66,458 shares in the company, valued at approximately $2,108,712. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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, October 25th. 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, October 25th. 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. The stock presently has an average rating of “Buy” and a consensus price target of $32.40.
Shares of Monolithic Power Systems (NASDAQ:MPWR) opened at 31.71 on Tuesday. Monolithic Power Systems has a 1-year low of $17.54 and a 1-year high of $32.90. The stock’s 50-day moving average is $30.64 and its 200-day moving average is $27.12. The company has a market cap of $1.212 billion and a P/E ratio of 77.91.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts predict that Monolithic Power Systems will post $1.06 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.