Key Points
- Monolithic Power Systems EVP Maurice Sciammas sold 12,000 shares on May 15 at an average price of $1,561.40, for proceeds of about $18.7 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The company reported strong quarterly results on April 30, posting EPS of $5.10 versus the $4.90 consensus and revenue of $804.19 million, up 26.1% year over year. Analysts now expect full-year EPS of 20.13.
- Wall Street remains generally constructive on MPWR, with 12 Buy ratings and 3 Hold ratings and a consensus price target of $1,599.17. Recent analyst moves included price-target hikes from Rosenblatt and an unchanged bullish stance from Raymond James and Citigroup.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president owned 166,644 shares of the company's stock, valued at approximately $260,197,941.60. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Maurice Sciammas also recently made the following trade(s):
- 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 shares were 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 Down 1.2%
NASDAQ:MPWR opened at $1,468.11 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $643.36 and a twelve month high of $1,675.42. The business has a 50 day moving average price of $1,325.88 and a two-hundred day moving average price of $1,129.07. The company has a market cap of $72.13 billion, a P/E ratio of 105.85, a price-to-earnings-growth ratio of 2.66 and a beta of 1.74.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share 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 firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the prior year, the firm posted $4.04 EPS. The business's revenue was up 26.1% on a year-over-year basis. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Monolithic Power Systems
Large investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $34,000. IFP Advisors Inc lifted its stake in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd lifted its stake in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 28 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 93.46% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on MPWR. Rosenblatt Securities boosted their price target on shares of 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. Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reissued an "outperform" rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Zacks Research cut shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. Finally, Weiss Ratings raised shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $1,599.17.
View Our Latest Analysis on MPWR
Monolithic Power Systems Company Profile
(
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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