Monolithic Power Systems Insider Sells $175,266 in Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Insider Deming Xiao unloaded 5,164 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $33.94, for a total transaction of $175,266.16. Following the sale, the insider now directly owns 54,961 shares in the company, valued at approximately $1,865,376. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 0.41% during mid-day trading on Tuesday, hitting $33.89. 207,086 shares of the company’s stock traded hands. Monolithic Power Systems has a 52 week low of $20.64 and a 52 week 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 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. Analysts expect that Monolithic Power Systems will post $1.06 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Monolithic Power Systems currently has a consensus rating of “Hold” and a consensus price target 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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