Insider Selling: Monolithic Power Systems Director Sells 8,500 Shares of Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Director James C. Moyer sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $31.87, for a total value of $270,895.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MPWR shares. Analysts at Pacific Crest raised their price target on shares of Monolithic Power Systems from $33.00 to $40.00 in a research note to investors on Friday. Separately, analysts at Oppenheimer raised their price target on shares of Monolithic Power Systems from $36.00 to $38.00 in a research note to investors on Friday. Finally, analysts at Deutsche Bank raised their price target on shares of Monolithic Power Systems from $35.00 to $36.00 in a research note to investors on Friday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.11.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 4.88% during mid-day trading on Friday, hitting $33.99. 501,085 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 $34.93. The stock’s 50-day moving average is $33.62 and its 200-day moving average is $31.20. The company has a market cap of $1.299 billion and a P/E ratio of 79.63.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $63.60 million for the quarter, compared to the consensus estimate of $62.80 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 32.0% on a year-over-year basis. On average, analysts predict that Monolithic Power Systems will post $1.43 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.
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