Insider Selling: Pilkington Karen A. Smith- Unloads 1,411 Shares of Monolithic Power Systems Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Director Pilkington Karen A. Smith- unloaded 1,411 shares of Monolithic Power Systems stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.03, for a total value of $49,427.33. Following the sale, the director now directly owns 18,282 shares of the company’s stock, valued at approximately $640,418. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 0.11% during mid-day trading on Tuesday, hitting $35.79. 298,723 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 $35.97. The stock has a 50-day moving average of $33.88 and a 200-day moving average of $31.91. The company has a market cap of $1.370 billion and a P/E ratio of 60.59.
Monolithic Power Systems (NASDAQ:MPWR) last released its 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.
MPWR has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Monolithic Power Systems from $40.00 to $46.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Monolithic Power Systems has a consensus rating of “Hold” and an average price target of $35.11.
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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