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Monolithic Power Systems (NASDAQ:MPWR) VP Maurice Sciammas sold 2,682 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $42.75, for a total value of $114,655.50. Following the completion of the sale, the vice president now directly owns 86,325 shares of the company’s stock, valued at approximately $3,690,394. The sale was disclosed in a document filed 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, July 25th. They now have a $48.00 price target on the stock, up previously from $47.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, July 25th. They now have a $48.00 price target on the stock, up previously from $45.00. Finally, analysts at Evercore Partners initiated coverage on shares of Monolithic Power Systems in a research note on Friday, July 25th. They set an “overweight” rating and a $50.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $42.86.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 3.89% on Thursday, hitting $41.24. 453,261 shares of the company’s stock traded hands. Monolithic Power Systems has a one year low of $25.79 and a one year high of $44.77. The stock’s 50-day moving average is $41.93 and its 200-day moving average is $37.96. The company has a market cap of $1.599 billion and a P/E ratio of 55.95.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 24th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $68.40 million for the quarter, compared to the consensus estimate of $67.14 million. During the same quarter last year, the company posted $0.24 earnings per share. Monolithic Power Systems’s revenue was up 18.5% compared to the same quarter last year. Analysts expect that Monolithic Power Systems will post $1.62 EPS 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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