Maurice Sciammas Sells 29,128 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

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Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Maurice Sciammas sold 29,128 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $155.83, for a total transaction of $4,539,016.24. Following the sale, the vice president now directly owns 388,813 shares in the company, valued at $60,588,729.79. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, August 8th, Maurice Sciammas sold 2,820 shares of Monolithic Power Systems stock. The stock was sold at an average price of $150.42, for a total transaction of $424,184.40.
  • On Monday, August 5th, Maurice Sciammas sold 3,634 shares of Monolithic Power Systems stock. The stock was sold at an average price of $140.60, for a total transaction of $510,940.40.
  • On Wednesday, July 10th, Maurice Sciammas sold 2,001 shares of Monolithic Power Systems stock. The stock was sold at an average price of $140.75, for a total transaction of $281,640.75.
  • On Monday, July 1st, Maurice Sciammas sold 8,394 shares of Monolithic Power Systems stock. The shares were sold at an average price of $139.68, for a total transaction of $1,172,473.92.
  • On Thursday, June 27th, Maurice Sciammas sold 7,979 shares of Monolithic Power Systems stock. The shares were sold at an average price of $131.09, for a total transaction of $1,045,967.11.
  • On Monday, June 24th, Maurice Sciammas sold 2,722 shares of Monolithic Power Systems stock. The shares were sold at an average price of $128.63, for a total transaction of $350,130.86.

Shares of MPWR stock opened at $157.52 on Thursday. The company has a 50 day moving average price of $150.36 and a 200-day moving average price of $140.41. Monolithic Power Systems, Inc. has a 52 week low of $101.99 and a 52 week high of $161.50. The firm has a market capitalization of $6.65 billion, a PE ratio of 65.91, a P/E/G ratio of 2.44 and a beta of 1.63.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.15). Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. The company had revenue of $151.00 million for the quarter, compared to the consensus estimate of $150.56 million. During the same quarter last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 2.52 EPS for the current year.

Several research firms recently issued reports on MPWR. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital began coverage on Monolithic Power Systems in a research note on Tuesday, June 18th. They set a “buy” rating and a $144.00 target price on the stock. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus target price of $150.63.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pearl River Capital LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth $25,000. Bessemer Group Inc. bought a new position in Monolithic Power Systems in the second quarter valued at about $33,000. Point72 Asset Management L.P. bought a new position in Monolithic Power Systems in the second quarter valued at about $41,000. Advisory Services Network LLC boosted its position in Monolithic Power Systems by 36.4% in the second quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 115 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in Monolithic Power Systems in the second quarter worth about $103,000. Institutional investors and hedge funds own 97.97% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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