Monolithic Power Systems VP Maurice Sciammas Sells 15,000 Shares (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) VP Maurice Sciammas unloaded 15,000 shares of Monolithic Power Systems stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $40.11, for a total transaction of $601,650.00. Following the transaction, the vice president now directly owns 86,325 shares of the company’s stock, valued at approximately $3,462,496. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 3.33% during mid-day trading on Monday, hitting $41.53. The stock had a trading volume of 551,861 shares. Monolithic Power Systems has a 1-year low of $23.47 and a 1-year high of $41.68. The stock has a 50-day moving average of $38.02 and a 200-day moving average of $35.71. The company has a market cap of $1.603 billion and a price-to-earnings ratio of 53.73.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $1.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.44%.
MPWR has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $39.70.
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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