Key Points
- Director Eugen Elmiger sold 12,000 shares of Monolithic Power Systems on May 6 at an average price of $1,584.96, totaling about $19.0 million. After the sale, he still held 5,402 shares, a drop of nearly 69% in his position.
- MPWR shares were up 1.6% and opened at $1,600.84, near the stock’s 52-week high of $1,662. The company now carries a market value of about $78.65 billion.
- The latest earnings were strong, with quarterly EPS of $5.10 beating estimates and revenue of $804.19 million also topping forecasts. Revenue rose 26.1% year over year, and analysts remain broadly positive with a consensus rating of “Moderate Buy.”
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Eileen Wynne sold 335 shares of the business's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the transaction, the director owned 1,007 shares of the company's stock, valued at $1,593,758.76. This represents a 24.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Monolithic Power Systems Price Performance
NASDAQ MPWR opened at $1,600.84 on Friday. The company has a market capitalization of $78.65 billion, a PE ratio of 115.42, a P/E/G ratio of 2.82 and a beta of 1.74. The company has a fifty day moving average of $1,252.72 and a 200 day moving average of $1,099.93. Monolithic Power Systems, Inc. has a 1 year low of $630.62 and a 1 year high of $1,662.00.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm's quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $34,000. IFP Advisors Inc raised its position in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd raised its position in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 9 shares during the last quarter. Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $38,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
More Monolithic Power Systems News
Here are the key news stories impacting Monolithic Power Systems this week:
Analyst Upgrades and Downgrades
MPWR has been the topic of a number of analyst reports. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Citigroup restated a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings upgraded Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday. Wells Fargo & Company raised their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Finally, TD Cowen raised their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and an average price target of $1,599.17.
Get Our Latest Stock Analysis on MPWR
Monolithic Power Systems Company Profile
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Get Free Report)
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.
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