Saria Tseng Sells 5,000 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 5,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,586.43, for a total transaction of $7,932,150.00. Following the completion of the sale, the executive vice president owned 151,783 shares in the company, valued at approximately $240,793,104.69. This trade represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Saria Tseng also recently made the following trade(s):

• On Wednesday, April 8th, Saria Tseng sold 8,963 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,305.22, for a total transaction of $11,698,686.86.
• On Monday, April 6th, Saria Tseng sold 7,636 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,167.95, for a total transaction of $8,918,466.20.
• On Wednesday, April 1st, Saria Tseng sold 1,400 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,133.52, for a total transaction of $1,586,928.00.
• On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,010.50, for a total transaction of $25,943,577.00.

Monolithic Power Systems Trading Up 0.8%

Shares of MPWR opened at $1,633.17 on Friday. The firm has a market cap of $80.24 billion, a P/E ratio of 117.75, a price-to-earnings-growth ratio of 2.90 and a beta of 1.74. Monolithic Power Systems, Inc. has a 12-month low of $643.36 and a 12-month high of $1,714.09. The company’s 50-day moving average price is $1,401.70 and its 200 day moving average price is $1,158.93.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems’s revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.04 EPS. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Institutional Trading of Monolithic Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the period. State Street Corp increased its stake in Monolithic Power Systems by 2.1% during the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after purchasing an additional 45,715 shares during the period. Corient Private Wealth LLC grew its position in shares of Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after buying an additional 117,596 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after buying an additional 295,556 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Raymond James Financial restated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. TD Cowen boosted their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price 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.