Monolithic Power Systems Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 15,412 shares of Monolithic Power Systems stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $81.17, for a total transaction of $1,250,992.04. Following the transaction, the chief executive officer now owns 1,165,979 shares in the company, valued at approximately $94,642,515.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Hsing also recently made the following trade(s):

  • On Monday, November 7th, Michael Hsing sold 21,093 shares of Monolithic Power Systems stock. The shares were sold at an average price of $77.80, for a total transaction of $1,641,035.40.

Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) opened at 81.64 on Friday. The company has a market capitalization of $3.32 billion, a P/E ratio of 73.55 and a beta of 1.35. Monolithic Power Systems Inc. has a 52-week low of $55.05 and a 52-week high of $82.59. The stock’s 50 day moving average is $78.66 and its 200 day moving average is $72.67.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Monday, October 31st. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Monolithic Power Systems had a net margin of 12.44% and a return on equity of 11.80%. The company had revenue of $106.50 million for the quarter, compared to analyst estimates of $105.98 million. During the same quarter last year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts expect that Monolithic Power Systems Inc. will post $2.28 EPS for the current year.

Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

Several institutional investors have recently added to or reduced their stakes in MPWR. Victory Capital Management Inc. raised its position in Monolithic Power Systems by 60,567.0% in the third quarter. Victory Capital Management Inc. now owns 905,151 shares of the company’s stock valued at $72,865,000 after buying an additional 903,659 shares in the last quarter. Westfield Capital Management Co. LP raised its position in Monolithic Power Systems by 107.1% in the second quarter. Westfield Capital Management Co. LP now owns 701,438 shares of the company’s stock valued at $47,922,000 after buying an additional 362,821 shares in the last quarter. Wells Fargo & Company MN raised its position in Monolithic Power Systems by 32.5% in the third quarter. Wells Fargo & Company MN now owns 1,000,864 shares of the company’s stock valued at $80,570,000 after buying an additional 245,500 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new position in Monolithic Power Systems during the second quarter valued at approximately $16,039,000. Finally, Chartwell Investment Partners LLC raised its position in Monolithic Power Systems by 83.1% in the second quarter. Chartwell Investment Partners LLC now owns 476,102 shares of the company’s stock valued at $32,527,000 after buying an additional 216,079 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $87.00 target price on shares of Monolithic Power Systems in a report on Tuesday, November 1st. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $88.00 target price on shares of Monolithic Power Systems in a report on Wednesday, November 2nd. Summit Redstone restated a “buy” rating on shares of Monolithic Power Systems in a report on Monday, October 10th. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Monday, September 12th. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $82.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 1st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $81.00.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

5 Day Chart for NASDAQ:MPWR

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