Monolithic Power Systems (NASDAQ:MPWR) Trading Up 897.9% – Here’s What Happened

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) were up 897.9% during mid-day trading on Friday . The stock traded as high as $1,592.21 and last traded at $1,586.2710. Approximately 26,872 shares traded hands during trading, a decline of 96% from the average daily volume of 625,853 shares. The stock had previously closed at $158.96.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MPWR shares. KeyCorp lifted their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Trading Up 892.3%

The firm has a 50 day simple moving average of $1,510.26 and a 200 day simple moving average of $1,208.07. The firm has a market capitalization of $77.49 billion, a PE ratio of 113.72, a P/E/G ratio of 2.82 and a beta of 1.69.

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

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. The trade was a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 approximately $6,384,000. This trade represents a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 113,073 shares of company stock worth $160,875,958. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Monolithic Power Systems by 12.9% in the 1st quarter. Parallel Advisors LLC now owns 577 shares of the semiconductor company’s stock worth $631,000 after purchasing an additional 66 shares during the period. Optiver Holding B.V. bought a new stake in Monolithic Power Systems in the 1st quarter worth approximately $97,000. Groupama Asset Managment grew its position in Monolithic Power Systems by 5.1% in the 1st quarter. Groupama Asset Managment now owns 1,742 shares of the semiconductor company’s stock worth $1,905,000 after purchasing an additional 84 shares during the period. Wellington Grp LLC bought a new stake in Monolithic Power Systems in the 1st quarter worth approximately $526,000. Finally, GKV Capital Management Co. Inc. grew its position in Monolithic Power Systems by 1.0% in the 1st quarter. GKV Capital Management Co. Inc. now owns 2,940 shares of the semiconductor company’s stock worth $3,214,000 after purchasing an additional 30 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

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.