Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) Director Sells 335 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Eileen Wynne sold 335 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total value of $530,197.80. Following the transaction, the director directly owned 1,007 shares of the company’s stock, valued at approximately $1,593,758.76. This represents a 24.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded up $26.03 on Friday, reaching $1,601.99. 283,876 shares of the company were exchanged, compared to its average volume of 602,058. Monolithic Power Systems, Inc. has a 1-year low of $630.62 and a 1-year high of $1,662.00. The company has a market cap of $78.71 billion, a P/E ratio of 115.55, a price-to-earnings-growth ratio of 2.96 and a beta of 1.74. The stock’s 50 day moving average price is $1,252.72 and its 200-day moving average price is $1,099.93.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $781.93 million. During the same period in the previous year, the company posted $4.04 earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, research analysts predict 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 company. Corient Private Wealth LLC boosted its stake 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 valued at $1,855,476,000 after acquiring an additional 1,993,576 shares during the last quarter. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $658,656,000. Invesco Ltd. boosted its stake in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Monolithic Power Systems by 56.6% during the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after purchasing an additional 253,653 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MPWR shares. TD Cowen upped their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Rosenblatt Securities increased their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

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.