Maurice Sciammas Sells 30 Shares of Monolithic Power Systems (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50. Following the completion of the transaction, the executive vice president owned 1,179 shares of the company’s stock, valued at $1,808,527.05. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 15th, Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00.
• On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,588.73, for a total value of $47,661.90.
• On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,583.81, for a total value of $601,847.80.
• On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,116.44, for a total value 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 value of $32,852.10.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,652.60 on Friday. The stock has a market capitalization of $81.19 billion, a PE ratio of 119.15, a P/E/G ratio of 3.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $670.00 and a 1-year high of $1,714.09. The business has a 50-day moving average of $1,454.93 and a 200 day moving average of $1,182.46.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same period in the prior year, the business posted $4.04 EPS. Monolithic Power Systems’s quarterly revenue was up 26.1% compared to the same quarter last year. Analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems during the 4th quarter valued at approximately $34,000. IFP Advisors Inc increased its position in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd increased its position in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new position in Monolithic Power Systems during the 4th quarter valued at approximately $38,000. Finally, Cornerstone Planning Group LLC increased its position in Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 38 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased 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. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Finally, Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

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.