Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Sells $65,000.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 776 shares of the company’s stock, valued at $504,400. This trade represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $638.21 on Monday. The company has a 50-day moving average of $572.75 and a 200 day moving average of $619.85. The firm has a market cap of $30.56 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same period last year, the business earned $2.81 EPS. Monolithic Power Systems’s quarterly revenue was up 39.2% compared to the same quarter last year. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Institutional Trading of Monolithic Power Systems

Several institutional investors have recently bought and sold shares of MPWR. Tradewinds Capital Management LLC grew its position in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in Monolithic Power Systems during the 4th quarter valued at about $29,000. West Oak Capital LLC grew its position in Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 51 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MPWR has been the subject of several research reports. KeyCorp decreased their price objective on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Citigroup upped their price objective on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Oppenheimer restated an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Wells Fargo & Company decreased their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $779.83.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.