Insider Selling: Monolithic Power Systems Director Sells 17,000 Shares of Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Director James C. Moyer unloaded 17,000 shares of the stock on the open market in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $33.95, for a total value of $577,150.00. Following the completion of the transaction, the director now directly owns 997,801 shares in the company, valued at approximately $33,875,344. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 3.03% during mid-day trading on Friday, hitting $33.63. 210,280 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 $33.56 and its 200-day moving average is $30.69. The company has a market cap of $1.285 billion and a P/E ratio of 85.21.
Separately, 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently 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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