Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Sells $1,948,560.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 2,824 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.00, for a total value of $1,948,560.00. Following the completion of the transaction, the chief executive officer now owns 888,408 shares of the company’s stock, valued at $613,001,520. The transaction was disclosed in a filing with the SEC, which is available at this link.

Michael Hsing also recently made the following trade(s):

• On Wednesday, May 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $661.85, for a total value of $5,294,800.00.
• On Monday, April 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00.
• On Friday, March 1st, Michael Hsing sold 8,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $726.08, for a total transaction of $5,808,640.00.

Monolithic Power Systems Stock Performance

MPWR opened at $708.02 on Friday. The stock’s 50 day moving average price is $678.69 and its 200-day moving average price is $622.75. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $778.15. The stock has a market capitalization of $34.48 billion, a PE ratio of 84.39, a price-to-earnings-growth ratio of 3.64 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. Research analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Oppenheimer increased their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Truist Financial boosted their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. TD Cowen raised their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, KeyCorp lifted their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $743.78.

Hedge Funds Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its position in shares of Monolithic Power Systems by 6.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company’s stock worth $1,317,000 after acquiring an additional 165 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Monolithic Power Systems by 1.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company’s stock worth $7,264,000 after purchasing an additional 174 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Monolithic Power Systems by 16.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,579 shares of the semiconductor company’s stock valued at $8,121,000 after buying an additional 2,531 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Monolithic Power Systems by 1.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 8,665 shares of the semiconductor company’s stock valued at $4,003,000 after buying an additional 108 shares in the last quarter. Finally, Advisor Partners II LLC grew its position in shares of Monolithic Power Systems by 2.2% in the 3rd quarter. Advisor Partners II LLC now owns 3,327 shares of the semiconductor company’s stock worth $1,537,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.