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Monolithic Power Systems (NASDAQ:MPWR) Director James C. Moyer sold 17,000 shares of the stock on the open market in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $34.90, for a total transaction of $593,300.00. Following the completion of the sale, the director now directly owns 997,801 shares of the company’s stock, valued at approximately $34,823,255. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Monolithic Power Systems presently has a consensus rating of “Hold” and a consensus price target of $34.11.

Monolithic Power Systems (NASDAQ:MPWR) traded down 1.91% on Wednesday, hitting $34.36. 323,913 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 $35.30. The stock’s 50-day moving average is $33.78 and its 200-day moving average is $31.71. The company has a market cap of $1.316 billion and a P/E ratio of 59.37.

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. 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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