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Monolithic Power Systems (NASDAQ:MPWR) Insider Deming Xiao sold 5,210 shares of Monolithic Power Systems stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $42.23, for a total transaction of $220,018.30. Following the transaction, the insider now directly owns 58,162 shares of the company’s stock, valued at approximately $2,456,181. 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 a consensus rating of “Buy” and a consensus target price of $44.00.

Shares of 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 1-year low of $27.25 and a 1-year 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 price-to-earnings ratio of 55.37.

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. 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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