Monolithic Power Systems Director Sells $625,260 in Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) Director James C. Moyer sold 17,000 shares of the stock on the open market in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.78, for a total transaction of $625,260.00. Following the transaction, the director now directly owns 997,801 shares of the company’s stock, valued at approximately $36,699,121. The sale was disclosed in a filing with the SEC, which is available at this link.
MPWR has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, April 25th. They now have a $45.00 price target on the stock, up previously from $44.00. Separately, 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.56.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 1.05% during mid-day trading on Thursday, hitting $36.71. The stock had a trading volume of 370,941 shares. Monolithic Power Systems has a 52 week low of $23.17 and a 52 week high of $39.80. The stock’s 50-day moving average is $37.39 and its 200-day moving average is $34.30. The company has a market cap of $1.420 billion and a P/E ratio of 62.88.
Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.13. The company had revenue of $60.06 million for the quarter, compared to the consensus estimate of $60.13 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts predict that Monolithic Power Systems will post $1.52 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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