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Monolithic Power Systems (NASDAQ:MPWR) Director Victor K. Lee sold 15,705 shares of Monolithic Power Systems stock on the open market in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $35.08, for a total transaction of $550,931.40. Following the completion of the sale, the director now directly owns 18,082 shares of the company’s stock, valued at approximately $634,317. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on MPWR. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Monolithic Power Systems presently has an average rating of “Hold” and an average target price of $34.11.

Monolithic Power Systems (NASDAQ:MPWR) traded down 0.17% during mid-day trading on Tuesday, hitting $35.03. The stock had a trading volume of 221,185 shares. Monolithic Power Systems has a 52-week low of $20.64 and a 52-week high of $35.30. The stock’s 50-day moving average is $33.79 and its 200-day moving average is $31.69. The company has a market cap of $1.341 billion and a P/E ratio of 59.47.

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. Analysts expect that Monolithic Power Systems will post $1.40 EPS 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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