Key Points
- Monolithic Power Systems EVP Maurice Sciammas sold 30 shares on June 1 at an average price of $1,533.95, for proceeds of $46,018.50. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- The company’s stock has been strong, with shares up 4.0% and trading near $1,689.89, just below its 52-week high of $1,714.09. Monolithic Power Systems now has a market value of about $83.02 billion.
- Fundamentals and analyst sentiment remain positive: the company recently beat quarterly EPS and revenue estimates, and analysts currently rate the stock a Moderate Buy with an average price target of $1,599.17.
Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is available through 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 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 Up 4.0%
Shares of NASDAQ:MPWR opened at $1,689.89 on Thursday. Monolithic Power Systems, Inc. has a 52-week low of $670.00 and a 52-week high of $1,714.09. The stock's fifty day simple moving average is $1,443.91 and its 200-day simple moving average is $1,177.31. The company has a market capitalization 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 (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $781.93 million. During the same period in the prior year, the business earned $4.04 earnings per share. The business's revenue was up 26.1% on a year-over-year basis. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on MPWR shares. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a "buy" rating 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 downgraded Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, May 28th. KeyCorp upped 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 report on Friday, May 1st. Finally, Raymond James Financial restated an "outperform" rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average price target of $1,599.17.
View Our Latest Research Report on MPWR
Institutional Investors Weigh In On Monolithic Power Systems
Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $34,000. IFP Advisors Inc grew its position in shares of Monolithic Power Systems by 171.4% in the third 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 period. Covestor Ltd grew its position in shares of Monolithic Power Systems by 29.0% in the fourth 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 period. Sunbelt Securities Inc. grew its position in shares of Monolithic Power Systems by 233.3% in the first 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 period. Finally, Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 93.46% of the company's stock.
About Monolithic Power Systems
(
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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