Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) Director Sells 335 Shares of Stock

Key Points

• Monolithic Power Systems director Eileen Wynne sold 335 shares on May 6 at an average price of $1,582.68, totaling about $530,198. After the sale, she held 1,007 shares, a 24.96% reduction in ownership.
• MPWR recently reported strong quarterly results, with EPS of $5.10 beating estimates of $4.90 and revenue of $804.19 million topping expectations. Revenue rose 26.1% year over year in the quarter.
• Analysts remain largely positive on the stock, with 12 Buy ratings and 3 Hold ratings and a consensus target price of $1,599.17. Several firms recently raised their price targets, including KeyCorp to $2,000 and TD Cowen to $1,850.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) Director Eileen Wynne sold 335 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the transaction, the director directly owned 1,007 shares of the company's stock, valued at $1,593,758.76. This represents a 24.96% 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.

Monolithic Power Systems Price Performance

MPWR traded up $26.03 during trading on Friday, reaching $1,601.99. 283,876 shares of the company's stock were exchanged, compared to its average volume of 602,058. Monolithic Power Systems, Inc. has a 1 year low of $630.62 and a 1 year high of $1,662.00. The stock has a market capitalization of $78.71 billion, a P/E ratio of 115.55, a price-to-earnings-growth ratio of 2.96 and a beta of 1.74. The company's fifty day simple moving average is $1,252.72 and its 200-day simple moving average is $1,099.93.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same period last year, the firm posted $4.04 EPS. Monolithic Power Systems's revenue for the quarter was up 26.1% compared to the same quarter last year. Equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial reaffirmed an "outperform" rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen raised their price objective on shares of 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. Finally, KeyCorp raised their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,599.17.

Institutional Investors Weigh In On Monolithic Power Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in Monolithic Power Systems by 6.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,172 shares of the semiconductor company's stock valued at $15,495,000 after acquiring an additional 868 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in shares of Monolithic Power Systems by 48.3% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,145 shares of the semiconductor company's stock worth $1,252,000 after acquiring an additional 373 shares during the period. Burling Wealth Partners LLC purchased a new position in shares of Monolithic Power Systems during the 1st quarter worth $2,367,000. Johnson Financial Group Inc. raised its holdings in shares of Monolithic Power Systems by 11.8% during the 1st quarter. Johnson Financial Group Inc. now owns 321 shares of the semiconductor company's stock worth $352,000 after acquiring an additional 34 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of Monolithic Power Systems by 610.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 2,344 shares of the semiconductor company's stock worth $2,563,000 after acquiring an additional 2,014 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

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.

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