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Monolithic Power Systems (NASDAQ:MPWR) CEO Michael Hsing unloaded 4,530 shares of the company’s stock on the open market in a transaction dated Friday, August 8th. The stock was sold at an average price of $42.04, for a total value of $190,441.20. Following the transaction, the chief executive officer now directly owns 386,389 shares of the company’s stock, valued at approximately $16,243,794. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of 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 one year low of $27.25 and a one year high of $44.77. The stock has a 50-day moving average of $41.95 and a 200-day moving average of $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 posted its quarterly 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. On average, analysts predict that Monolithic Power Systems will post $1.63 earnings per share for the current fiscal year.

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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Monolithic Power Systems has an average rating of “Buy” and a consensus target price 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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