Monolithic Power Systems (NASDAQ:MPWR) EVP Maurice Sciammas Sells 12,000 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares in the company, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Maurice Sciammas also recently made the following trade(s):

• On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,588.73, for a total transaction of $47,661.90.
• On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,583.81, for a total transaction of $601,847.80.
• On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,116.44, for a total transaction of $33,493.20.
• On Friday, March 20th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,095.07, for a total transaction of $32,852.10.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,468.11 on Wednesday. Monolithic Power Systems, Inc. has a 52-week low of $643.36 and a 52-week high of $1,675.42. The stock has a market cap of $72.13 billion, a PE ratio of 105.85, a PEG ratio of 2.66 and a beta of 1.74. The firm’s 50 day moving average price is $1,325.88 and its two-hundred day moving average price is $1,129.07.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $781.93 million. During the same period last year, the firm earned $4.04 earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Rosenblatt Securities boosted their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Hedge Funds Weigh In On Monolithic Power Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $34,000. IFP Advisors Inc grew its position in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd grew its position in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares during the period. Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $38,000. Finally, Cornerstone Planning Group LLC boosted its stake in Monolithic Power Systems by 542.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 38 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Company Profile

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.