Insider Selling: Monolithic Power Systems VP Unloads 7,300 Shares of Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) VP Maurice Sciammas sold 7,300 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $42.01, for a total value of $306,673.00. Following the completion of the sale, the vice president now directly owns 86,325 shares in the company, valued at approximately $3,626,513. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Monolithic Power Systems (NASDAQ:MPWR) traded up 0.89% on Friday, hitting $41.73. The stock had a trading volume of 339,071 shares. Monolithic Power Systems has a one year low of $23.47 and a one year high of $42.09. The stock has a 50-day moving average of $38.41 and a 200-day moving average of $35.87. The company has a market cap of $1.611 billion and a P/E ratio of 55.29.
Monolithic Power Systems (NASDAQ:MPWR) last released its earnings data 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 26th.
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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus 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.
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