Insider Selling: Meera Rao Sells 9,367 Shares of Monolithic Power Systems Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) CFO Meera Rao sold 9,367 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $40.05, for a total transaction of $375,148.35. Following the transaction, the chief financial officer now directly owns 49,089 shares of the company’s stock, valued at approximately $1,966,014. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 1.30% on Thursday, hitting $39.69. 297,044 shares of the company’s stock traded hands. Monolithic Power Systems has a one year low of $23.47 and a one year high of $40.12. The stock’s 50-day moving average is $37.81 and its 200-day moving average is $35.53. The company has a market cap of $1.532 billion and a price-to-earnings ratio of 52.38.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.17 earnings per share. Monolithic Power Systems’s revenue was up 16.7% compared to the same quarter last year. Analysts expect that Monolithic Power Systems will post $1.55 EPS for the current fiscal year.
A number of analysts have recently weighed in on MPWR shares. Analysts at Oppenheimer initiated coverage on shares of Monolithic Power Systems in a research note on Wednesday, May 14th. They set an “overweight” rating and a $46.00 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of Monolithic Power Systems in a research note on Wednesday, May 14th. They set an “overweight” rating and a $46.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $39.70.
Monolithic Power Systems, Inc (NASDAQ:MPWR) is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.