Insider Selling: James C. Moyer Sells 17,000 Shares of Monolithic Power Systems Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Director James C. Moyer unloaded 17,000 shares of the company’s stock on the open market in a transaction dated Thursday, April 17th. The stock was sold at an average price of $35.90, for a total transaction of $610,300.00. Following the sale, the director now directly owns 997,801 shares of the company’s stock, valued at approximately $35,821,056. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 $38.00 to $41.00 in a research note on Wednesday, March 12th. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $38.00 to $40.00 in a research note on Tuesday, March 11th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.24.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 1.11% during mid-day trading on Friday, hitting $36.33. 274,607 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 $39.80. The stock has a 50-day moving average of $37.20 and a 200-day moving average of $33.87. The company has a market cap of $1.405 billion and a P/E ratio of 60.90.
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 $1.38 earnings per share 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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