Insider Selling: Monolithic Power Systems CEO Unloads 40,000 Shares of Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) CEO Michael Hsing unloaded 40,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $35.00, for a total value of $1,400,000.00. Following the sale, the chief executive officer now directly owns 407,179 shares of the company’s stock, valued at approximately $14,251,265. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Monolithic Power Systems (NASDAQ:MPWR) traded down 0.26% on Friday, hitting $35.09. The stock had a trading volume of 231,118 shares. Monolithic Power Systems has a 52-week low of $20.64 and a 52-week high of $35.30. The stock has a 50-day moving average of $33.77 and a 200-day moving average of $31.51. The company has a market cap of $1.344 billion and a P/E ratio of 59.63.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. Monolithic Power Systems’s revenue was up 32.0% compared to the same quarter last year. On average, analysts predict that Monolithic Power Systems will post $1.41 earnings per share for the current fiscal year.
MPWR has been the subject of a number of recent research reports. Analysts at Pacific Crest raised their price target on shares of Monolithic Power Systems from $33.00 to $40.00 in a research note on Friday, February 7th. Separately, analysts at Oppenheimer raised their price target on shares of Monolithic Power Systems from $36.00 to $38.00 in a research note on Friday, February 7th. 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 on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.11.
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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