Insider Selling: Monolithic Power Systems CEO Sells 2,077 Shares of Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) CEO Michael Hsing sold 2,077 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $41.85, for a total transaction of $86,922.45. Following the sale, the chief executive officer now directly owns 386,389 shares in the company, valued at approximately $16,170,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MPWR shares. 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.00.
Monolithic Power Systems (NASDAQ:MPWR) traded up 0.47% on Friday, hitting $42.39. 243,572 shares of the company’s stock traded hands. 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 announced its earnings results on Thursday, July 24th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. 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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