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Monolithic Power Systems (NASDAQ:MPWR) Insider Deming Xiao unloaded 5,933 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $42.19, for a total transaction of $250,313.27. Following the completion of the transaction, the insider now directly owns 63,372 shares of the company’s stock, valued at approximately $2,673,665. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on MPWR. 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. Two investment 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 a consensus rating of “Buy” and an average target price of $44.00.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 0.47% during mid-day trading on Friday, hitting $42.39. The stock had a trading volume of 243,572 shares. Monolithic Power Systems has a 52-week low of $27.25 and a 52-week high of $44.77. The stock’s 50-day moving average is $41.95 and its 200-day moving average is $38.28. The company has a market cap of $1.642 billion and a P/E ratio of 55.01.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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. On average, analysts predict that Monolithic Power Systems will post $1.63 earnings per share 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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