Jeff Zhou Sells 486 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Jeff Zhou sold 486 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the sale, the director directly owned 3,800 shares of the company’s stock, valued at $6,384,000. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jeff Zhou also recently made the following trade(s):

• On Wednesday, May 6th, Jeff Zhou sold 500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,650.00, for a total transaction of $825,000.00.
• On Tuesday, May 5th, Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,633.17 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,714.09. The stock has a market cap of $80.24 billion, a PE ratio of 117.75, a P/E/G ratio of 2.90 and a beta of 1.74. The firm has a 50-day simple moving average of $1,401.70 and a two-hundred day simple moving average of $1,158.93.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same period last year, the business earned $4.04 earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $34,000. IFP Advisors Inc raised its holdings in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd raised its holdings in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares in the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MPWR shares. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.