Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Saria Tseng sold 4,996 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $95.37, for a total value of $476,468.52. Following the completion of the sale, the vice president now owns 287,759 shares of the company’s stock, valued at $27,443,575.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Saria Tseng also recently made the following trade(s):
- On Friday, May 5th, Saria Tseng sold 5,606 shares of Monolithic Power Systems stock. The shares were sold at an average price of $92.24, for a total value of $517,097.44.
Monolithic Power Systems, Inc. (MPWR) traded up 0.81% during trading on Friday, hitting $97.19. The stock had a trading volume of 392,417 shares. Monolithic Power Systems, Inc. has a one year low of $62.38 and a one year high of $103.92. The stock’s 50-day moving average is $96.26 and its 200 day moving average is $89.89. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 72.58 and a beta of 1.21.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, April 26th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Monolithic Power Systems had a return on equity of 13.83% and a net margin of 14.00%. The company had revenue of $100.40 million during the quarter, compared to the consensus estimate of $100.02 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s revenue was up 18.8% compared to the same quarter last year. Equities analysts anticipate that Monolithic Power Systems, Inc. will post $2.85 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC boosted its stake in shares of Monolithic Power Systems by 1.4% in the first quarter. Clearbridge Investments LLC now owns 819,191 shares of the semiconductor company’s stock valued at $75,447,000 after buying an additional 11,034 shares during the last quarter. Bank of Nova Scotia purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at about $1,779,000. FNY Partners Fund LP purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at about $230,000. HWG Holdings LP purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at about $889,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at about $299,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Stifel Nicolaus lowered their price target on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, April 26th. Deutsche Bank AG reiterated a “buy” rating and set a $97.00 price target (up from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target (up from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Monolithic Power Systems currently has an average rating of “Buy” and an average target price of $98.50.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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