Insider Selling: Monolithic Power Systems Inc. (MPWR) Director Sells 2,315 Shares of Stock
Monolithic Power Systems Inc. (NASDAQ:MPWR) Director Victor K. Lee sold 2,315 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $82.81, for a total value of $191,705.15. Following the sale, the director now directly owns 23,911 shares of the company’s stock, valued at approximately $1,980,069.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) traded up 1.32% on Tuesday, hitting $83.95. The company had a trading volume of 424,608 shares. The firm has a 50-day moving average price of $78.94 and a 200 day moving average price of $73.24. Monolithic Power Systems Inc. has a 12-month low of $55.05 and a 12-month high of $84.83. The company has a market capitalization of $3.41 billion, a P/E ratio of 75.63 and a beta of 1.35.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. The firm earned $106.50 million during the quarter, compared to the consensus estimate of $105.98 million. Monolithic Power Systems had a return on equity of 11.80% and a net margin of 12.44%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. Equities analysts expect that Monolithic Power Systems Inc. will post $2.28 EPS for the current year.
A number of equities research analysts have issued reports on MPWR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $87.00 target price (up previously from $76.00) on shares of Monolithic Power Systems in a research report on Thursday, September 22nd. Summit Redstone reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Monday, October 10th. Raymond James Financial Inc. upgraded Monolithic Power Systems from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $83.00 to $100.00 in a report on Monday. Stifel Nicolaus upped their price target on Monolithic Power Systems from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 1st. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $88.00 price target on shares of Monolithic Power Systems in a report on Wednesday, November 2nd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $83.71.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Princeton Capital Management Inc. bought a new position in Monolithic Power Systems during the second quarter worth $1,274,000. Bank of Montreal Can bought a new position in Monolithic Power Systems during the second quarter worth $594,000. Sanders Morris Harris Inc. bought a new position in Monolithic Power Systems during the second quarter worth $547,000. Summit Creek Advisors LLC bought a new position in Monolithic Power Systems during the second quarter worth $13,447,000. Finally, Nordea Investment Management AB increased its position in Monolithic Power Systems by 356.2% in the second quarter. Nordea Investment Management AB now owns 9,581 shares of the company’s stock worth $655,000 after buying an additional 7,481 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.
Monolithic Power Systems Company Profile
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.
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