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Monolithic Power Systems (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 7,254 shares of Monolithic Power Systems stock on the open market in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $36.06, for a total transaction of $261,579.24. Following the transaction, the director now directly owns 2,358 shares in the company, valued at approximately $85,029. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on MPWR. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $35.11.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 0.44% on Thursday, hitting $36.25. 165,213 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 $36.89. The stock has a 50-day moving average of $34.00 and a 200-day moving average of $32.00. The company has a market cap of $1.388 billion and a price-to-earnings ratio of 61.71.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter 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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