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Monolithic Power Systems (NASDAQ:MPWR) Insider Deming Xiao sold 798 shares of Monolithic Power Systems stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $41.85, for a total transaction of $33,396.30. Following the completion of the sale, the insider now directly owns 63,372 shares in the company, valued at approximately $2,652,118. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Monolithic Power Systems (NASDAQ:MPWR) traded up 0.47% during mid-day trading on Friday, hitting $42.39. 243,572 shares of the company’s stock traded hands. Monolithic Power Systems has a one year low of $27.25 and a one year 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 price-to-earnings ratio of 55.01.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 24th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $1.63 EPS for the current fiscal year.

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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.00.

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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