Insider Selling: Monolithic Power Systems VP Sells 1,351 Shares of Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) VP Saria Tseng unloaded 1,351 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $42.09, for a total transaction of $56,863.59. Following the completion of the sale, the vice president now directly owns 39,291 shares of the company’s stock, valued at approximately $1,653,758. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Monolithic Power Systems currently has an average rating of “Buy” and a consensus price target 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 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 P/E 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 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 $1.63 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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