Insider Selling: Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Sells 100 Shares of Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the transaction, the director now owns 676 shares in the company, valued at approximately $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kuo Wei Herbert Chang also recently made the following trade(s):

• On Thursday, May 8th, Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock. The stock was sold at an average price of $650.00, for a total value of $65,000.00.

Monolithic Power Systems Trading Up 11.2%

MPWR traded up $71.46 during trading on Monday, reaching $709.23. The stock had a trading volume of 1,506,750 shares, compared to its average volume of 786,812. The stock's 50 day moving average is $572.75 and its two-hundred day moving average is $619.85. The company has a market capitalization of $33.96 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its position in shares of 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 buying an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new stake in Monolithic Power Systems in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems in the 4th quarter worth approximately $29,000. SouthState Corp bought a new stake in Monolithic Power Systems in the 1st quarter worth approximately $33,000. Finally, Itau Unibanco Holding S.A. increased its stake in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after acquiring 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

Several analysts have issued reports on MPWR shares. Wells Fargo & Company cut their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Loop Capital increased their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Citigroup increased their price objective on Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. KeyCorp dropped their price target on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus target price 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.

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