Monolithic Power Systems (NASDAQ:MPWR) EVP Sells $12,860,500.00 in Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Saria Tseng also recently made the following trade(s):

• On Friday, May 22nd, Saria Tseng sold 5,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,586.43, for a total value of $7,932,150.00.
• On Wednesday, April 8th, Saria Tseng sold 8,963 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,305.22, for a total value of $11,698,686.86.
• On Monday, April 6th, Saria Tseng sold 7,636 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,167.95, for a total value of $8,918,466.20.
• On Wednesday, April 1st, Saria Tseng sold 1,400 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,133.52, for a total value of $1,586,928.00.
• On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00.

Monolithic Power Systems Trading Down 4.1%

Shares of MPWR traded down $66.96 during trading hours on Friday, reaching $1,566.21. The stock had a trading volume of 1,164,137 shares, compared to its average volume of 615,906. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,714.09. The firm has a 50-day simple moving average of $1,401.70 and a 200 day simple moving average of $1,158.93. The company has a market capitalization of $76.95 billion, a price-to-earnings ratio of 112.92, a P/E/G ratio of 2.90 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 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 business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the previous year, the business posted $4.04 EPS. Monolithic Power Systems’s quarterly revenue was up 26.1% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently made changes to their positions in MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Monolithic Power Systems in the 4th quarter worth about $34,000. IFP Advisors Inc grew its position in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd grew its position in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems in the 4th quarter worth about $38,000. Finally, Cornerstone Planning Group LLC grew its position 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 in the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the subject of several recent research reports. Rosenblatt Securities boosted their target price on shares of 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. Wells Fargo & Company boosted their target price on shares of 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. KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, TD Cowen boosted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price 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.