Monolithic Power Systems (NASDAQ:MPWR) Director Eileen Wynne Sells 335 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Free Report) Director Eileen Wynne sold 335 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the transaction, the director owned 1,007 shares in the company, valued at approximately $1,593,758.76. This represents a 24.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,600.84 on Friday. The stock’s 50 day simple moving average is $1,252.72 and its two-hundred day simple moving average is $1,099.93. The stock has a market cap of $78.65 billion, a price-to-earnings ratio of 115.42, a PEG ratio of 2.82 and a beta of 1.74. Monolithic Power Systems, Inc. has a fifty-two week low of $630.62 and a fifty-two week high of $1,662.00.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same period in the previous year, the firm posted $4.04 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on MPWR shares. TD Cowen upped their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. KeyCorp increased their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Monolithic Power Systems during the fourth quarter valued at $34,000. IFP Advisors Inc lifted its position in Monolithic Power Systems by 171.4% during the third 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 lifted its position in Monolithic Power Systems by 29.0% during the fourth 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 Monolithic Power Systems during the fourth quarter valued at $38,000. Finally, Cornerstone Planning Group LLC lifted its position in Monolithic Power Systems by 542.9% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $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.

Key Monolithic Power Systems News

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Monolithic Power Systems Company Profile

(Get Free Report)

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.

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