Monolithic Power Systems Inc. (NASDAQ:MPWR) Director Victor K. Lee sold 4,504 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $83.74, for a total transaction of $377,164.96. Following the completion of the transaction, the director now owns 23,972 shares of the company’s stock, valued at approximately $2,007,415.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) traded up 0.06% during trading on Wednesday, hitting $84.00. 260,804 shares of the stock traded hands. Monolithic Power Systems Inc. has a 1-year low of $55.05 and a 1-year high of $84.83. The firm has a 50-day moving average of $78.94 and a 200-day moving average of $73.24. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 75.68 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $106.50 million for the quarter, compared to analyst estimates of $105.98 million. Monolithic Power Systems had a net margin of 12.44% and a return on equity of 11.80%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, equities analysts forecast that Monolithic Power Systems Inc. will post $2.28 earnings per share for the current year.

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

Several hedge funds have recently bought and sold shares of MPWR. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Monolithic Power Systems during the second quarter worth $16,039,000. State Street Corp raised its stake in shares of Monolithic Power Systems by 1.4% in the first quarter. State Street Corp now owns 848,092 shares of the company’s stock worth $53,969,000 after buying an additional 11,822 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Monolithic Power Systems by 2.9% in the second quarter. Principal Financial Group Inc. now owns 266,184 shares of the company’s stock worth $18,186,000 after buying an additional 7,518 shares in the last quarter. UBS Group AG raised its stake in shares of Monolithic Power Systems by 412.2% in the first quarter. UBS Group AG now owns 18,702 shares of the company’s stock worth $1,190,000 after buying an additional 15,051 shares in the last quarter. Finally, HL Financial Services LLC raised its stake in shares of Monolithic Power Systems by 8.8% in the second quarter. HL Financial Services LLC now owns 42,297 shares of the company’s stock worth $2,890,000 after buying an additional 3,421 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

Several analysts have commented on MPWR shares. Needham & Company LLC reiterated a “buy” rating and set a $76.00 target price (up previously from $68.00) on shares of Monolithic Power Systems in a research report on Wednesday, July 27th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Monday, September 12th. Raymond James Financial Inc. upgraded shares of Monolithic Power Systems from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $83.00 to $100.00 in a research report on Monday. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, November 1st. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $88.00 target price on shares of Monolithic Power Systems in a research report on Wednesday, November 2nd. One 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.71.

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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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