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Monolithic Power Systems (NASDAQ:MPWR) CFO Meera Rao sold 8,648 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $45.00, for a total value of $389,160.00. Following the completion of the sale, the chief financial officer now directly owns 31,669 shares in the company, valued at approximately $1,425,105. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 0.70% during mid-day trading on Thursday, hitting $45.70. 355,406 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 $46.61. The stock’s 50-day moving average is $42.52 and its 200-day moving average is $38.97. The company has a market cap of $1.770 billion and a P/E ratio of 60.00.

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.

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 issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average 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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