Insider Selling: James Moyer Unloads 17,000 Shares of Monolithic Power Systems Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Director James Moyer sold 17,000 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $33.86, for a total value of $575,620.00. Following the sale, the director now directly owns 997,801 shares of the company’s stock, valued at approximately $33,785,542. 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 down 0.09% on Friday, hitting $33.68. 146,119 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 has a 50-day moving average of $33.16 and a 200-day moving average of $29.98. The company has a market cap of $1.287 billion and a P/E ratio of 82.83.
Monolithic Power Systems (NASDAQ:MPWR) last announced its 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.
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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Monolithic Power Systems presently has a consensus rating of “Hold” and an average 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.
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.