Monolithic Power Systems VP Sells $58,508 in Stock (MPWR)
Monolithic Power Systems (NASDAQ:MPWR) VP Saria Tseng unloaded 1,376 shares of Monolithic Power Systems stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $42.52, for a total value of $58,507.52. Following the completion of the sale, the vice president now directly owns 37,915 shares of the company’s stock, valued at approximately $1,612,146. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 1.91% on Tuesday, hitting $43.28. 319,091 shares of the company’s stock traded hands. Monolithic Power Systems has a 1-year low of $27.25 and a 1-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 P/E ratio of 55.37.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue 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.
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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock 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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