Key Points
- Monolithic Power Systems EVP Saria Tseng sold 5,000 shares on May 22 at an average price of $1,586.43, totaling about $7.93 million. After the sale, Tseng still held 151,783 shares worth roughly $240.8 million.
- The stock slipped 2.6% as the report noted MPWR opened at $1,620.17. The company remains near its 52-week high of $1,714.09 and has a market cap of about $79.6 billion.
- Monolithic Power Systems posted stronger-than-expected quarterly results, with EPS of $5.10 versus estimates of $4.90 and revenue of $804.19 million, up 26.1% year over year. Analysts remain broadly constructive, with a consensus rating of Moderate Buy and an average target price of $1,599.17.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Jeff Zhou sold 486 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares of the company's stock, valued at $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Jeff Zhou also recently made the following trade(s):
- On Wednesday, May 6th, Jeff Zhou sold 500 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,650.00, for a total transaction of $825,000.00.
- On Tuesday, May 5th, Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84.
Monolithic Power Systems Trading Down 2.6%
Shares of NASDAQ:MPWR opened at $1,620.17 on Thursday. The stock has a market capitalization of $79.60 billion, a PE ratio of 116.81, a PEG ratio of 2.97 and a beta of 1.74. The firm has a 50 day moving average of $1,390.37 and a 200-day moving average of $1,154.17. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to analyst estimates 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 revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 EPS. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on MPWR shares. Zacks Research lowered shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. William Blair reissued an "outperform" rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a "buy" rating in a report on Friday, May 1st. KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average target price of $1,599.17.
View Our Latest Stock Report on MPWR
Institutional Investors Weigh In On Monolithic Power Systems
A number of institutional investors have recently modified their holdings of the company. Royal Fund Management LLC boosted its stake in shares of Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock valued at $289,000 after purchasing an additional 7 shares during the last quarter. Covestor Ltd boosted its stake in shares of 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. Bell Investment Advisors Inc boosted its stake in shares of Monolithic Power Systems by 23.7% in the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 9 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company's stock valued at $230,000 after purchasing an additional 10 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Monolithic Power Systems by 1.4% during the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company's stock worth $766,000 after acquiring an additional 10 shares in the last quarter. 93.46% of the stock is owned by institutional investors.
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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