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Monolithic Power Systems (NASDAQ:MPWR) CEO Michael Hsing sold 78,529 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $42.55, for a total transaction of $3,341,408.95. Following the transaction, the chief executive officer now directly owns 307,860 shares of the company’s stock, valued at approximately $13,099,443. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Monolithic Power Systems (NASDAQ:MPWR) traded up 1.91% during mid-day trading on Tuesday, hitting $43.28. 319,091 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 $41.98 and its 200-day moving average is $38.46. The company has a market cap of $1.676 billion and a price-to-earnings ratio of 55.37.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings data 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.

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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Monolithic Power Systems 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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