Insider Selling: Michael Hsing Sells 20,000 Shares of Monolithic Power Systems Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) CEO Michael Hsing unloaded 20,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the completion of the sale, the chief executive officer now directly owns 308,436 shares of the company’s stock, valued at approximately $10,492,993. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Monolithic Power Systems (NASDAQ:MPWR) traded up 0.41% during mid-day trading on Tuesday, hitting $33.89. The stock had a trading volume of 207,086 shares. Monolithic Power Systems has a 1-year low of $20.64 and a 1-year high of $34.76. The stock’s 50-day moving average is $33.02 and its 200-day moving average is $29.92. The company has a market cap of $1.295 billion and a price-to-earnings ratio of 82.92.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue 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.
MPWR has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Monolithic Power Systems from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 8th. They now have a $34.90 price target on the stock. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Monolithic Power Systems has an average rating of “Hold” and a consensus target price of $32.84.
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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