Monolithic Power Systems (NASDAQ:MPWR) EVP Maurice Sciammas Sells 30 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50. Following the transaction, the executive vice president directly owned 1,179 shares of the company’s stock, valued at approximately $1,808,527.05. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maurice Sciammas also recently made the following trade(s):

• On Friday, May 15th, Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00.
• On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,588.73, for a total value of $47,661.90.
• On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,583.81, for a total value of $601,847.80.
• On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,116.44, for a total value of $33,493.20.
• On Friday, March 20th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,095.07, for a total value of $32,852.10.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,689.89 on Thursday. The stock has a 50-day simple moving average of $1,443.91 and a 200-day simple moving average of $1,177.31. The stock has a market cap of $83.02 billion, a P/E ratio of 121.84, a P/E/G ratio of 2.91 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $670.00 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $781.93 million. During the same period in the prior year, the firm posted $4.04 EPS. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Institutional Trading of Monolithic Power Systems

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

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research reports. KeyCorp boosted their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” 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. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.