Monolithic Power Systems (NASDAQ:MPWR) Director Jeff Zhou Sells 486 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction 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 sale, the director owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 MPWR stock opened at $1,620.17 on Thursday. Monolithic Power Systems, Inc. has a 1 year low of $643.36 and a 1 year high of $1,714.09. The firm’s fifty day moving average price is $1,390.37 and its two-hundred day moving average price is $1,154.17. The firm has a market capitalization of $79.60 billion, a P/E ratio of 116.81, a PEG ratio of 2.97 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same period in the previous year, the business earned $4.04 EPS. The company’s revenue was up 26.1% compared to the same quarter last year. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Groupama Asset Managment boosted its holdings in shares of Monolithic Power Systems by 5.1% during the 1st quarter. Groupama Asset Managment now owns 1,742 shares of the semiconductor company’s stock worth $1,905,000 after buying an additional 84 shares during the period. Wellington Grp LLC bought a new stake in shares of Monolithic Power Systems during the 1st quarter worth about $526,000. GKV Capital Management Co. Inc. boosted its holdings in shares of Monolithic Power Systems by 1.0% during the 1st quarter. GKV Capital Management Co. Inc. now owns 2,940 shares of the semiconductor company’s stock worth $3,214,000 after buying an additional 30 shares during the period. Argent Capital Management LLC raised its stake in Monolithic Power Systems by 54.9% in the 1st quarter. Argent Capital Management LLC now owns 6,521 shares of the semiconductor company’s stock worth $7,130,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Essential Partners LLC raised its stake in Monolithic Power Systems by 30.3% in the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reissued 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. Finally, Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

About Monolithic Power Systems

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.