Monolithic Power Systems Inc. (MPWR) Sees Large Volume Increase
Monolithic Power Systems Inc. (NASDAQ:MPWR) shares saw unusually-high trading volume on Tuesday . Approximately 373,939 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 210,966 shares.The stock last traded at $76.37 and had previously closed at $76.17.
A number of analysts recently weighed in on MPWR shares. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Monday, June 6th. Needham & Company LLC reiterated a “buy” rating and set a $76.00 price target (up previously from $68.00) on shares of Monolithic Power Systems in a research note on Wednesday, July 27th. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, July 14th. Zacks Investment Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Deutsche Bank AG increased their price target on shares of Monolithic Power Systems from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $73.63.
The stock has a market capitalization of $3.09 billion and a P/E ratio of 73.50. The company has a 50 day moving average of $73.27 and a 200-day moving average of $66.38.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The company earned $94.10 million during the quarter, compared to the consensus estimate of $93.08 million. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. On average, equities analysts expect that Monolithic Power Systems Inc. will post $2.26 earnings per share for the current fiscal year.
In related news, VP Saria Tseng sold 6,320 shares of Monolithic Power Systems stock in a transaction on Monday, August 8th. The shares were sold at an average price of $72.66, for a total value of $459,211.20. Following the completion of the sale, the vice president now owns 280,056 shares in the company, valued at $20,348,868.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Deming Xiao sold 7,114 shares of Monolithic Power Systems stock in a transaction on Monday, August 8th. The stock was sold at an average price of $72.66, for a total transaction of $516,903.24. Following the completion of the sale, the insider now owns 284,286 shares of the company’s stock, valued at approximately $20,656,220.76. The disclosure for this sale can be found here.
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.
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