Insider Selling: Monolithic Power Systems CFO Unloads 1,192 Shares of Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) CFO Meera Rao unloaded 1,192 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $42.51, for a total value of $50,671.92. Following the sale, the chief financial officer now directly owns 40,317 shares of the company’s stock, valued at approximately $1,713,876. The sale was disclosed in a legal filing 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $44.00.
Monolithic Power Systems (NASDAQ:MPWR) traded up 1.91% on Tuesday, hitting $43.28. The stock had a trading volume of 319,091 shares. Monolithic Power Systems has a 52-week low of $27.25 and a 52-week high of $44.77. The stock has a 50-day moving average of $41.98 and a 200-day moving average of $38.46. The company has a market cap of $1.676 billion and a P/E ratio of 55.37.
Monolithic Power Systems (NASDAQ:MPWR) last announced its 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. 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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