Insider Selling: Monolithic Power Systems VP Sells 12,700 Shares of Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) VP Maurice Sciammas unloaded 12,700 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $42.00, for a total value of $533,400.00. Following the sale, the vice president now directly owns 86,325 shares in the company, valued at approximately $3,625,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 0.05% on Wednesday, hitting $42.34. 136,499 shares of the company’s stock traded hands. Monolithic Power Systems has a 52-week low of $23.47 and a 52-week high of $42.73. The stock has a 50-day moving average of $38.94 and a 200-day moving average of $36.13. The company has a market cap of $1.635 billion and a price-to-earnings ratio of 56.63.
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. On average, analysts predict that Monolithic Power Systems will post $1.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors 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 1.42%. The ex-dividend date is Thursday, June 26th.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday. They now have a $46.00 price target on the stock, up previously from $43.00. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.49.
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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