Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) EVP Sells 30,000 Shares of Stock

Key Points

• Monolithic Power Systems EVP Deming Xiao sold 30,000 shares on May 6 at an average price of $1,654.55, totaling about $49.6 million. After the sale, Xiao still held 205,959 shares, and the transaction reduced his ownership by 12.71%.
• MPWR shares rose 1.6% to $1,600.84 in Friday trading, near the stock’s 12-month high of $1,662.00. The company now has a market cap of $78.65 billion.
• Recent earnings beat expectations, with first-quarter EPS of $5.10 versus the $4.90 consensus and revenue of $804.19 million, up 26.1% year over year. Analysts remain broadly positive, with 12 Buy ratings and an average price target of $1,599.17.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Deming Xiao sold 30,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Monolithic Power Systems Stock Up 1.6%

Shares of MPWR traded up $24.88 during trading hours on Friday, hitting $1,600.84. The company had a trading volume of 686,556 shares, compared to its average volume of 606,872. Monolithic Power Systems, Inc. has a 12 month low of $630.62 and a 12 month high of $1,662.00. The firm has a market cap of $78.65 billion, a price-to-earnings ratio of 115.42, a PEG ratio of 2.96 and a beta of 1.74. The business has a fifty day moving average of $1,252.72 and a 200-day moving average of $1,099.93.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share 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 company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter last year, the firm earned $4.04 earnings per share. The company's revenue was up 26.1% on a year-over-year basis. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Raymond James Financial reissued an "outperform" rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,599.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $34,000. IFP Advisors Inc raised its stake in Monolithic Power Systems by 171.4% in 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 in the last quarter. Covestor Ltd raised its stake in Monolithic Power Systems by 29.0% in 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 in the last quarter. Greenline Wealth Management LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $38,000. Finally, Cornerstone Planning Group LLC raised its stake in Monolithic Power Systems by 542.9% in 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 in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

About Monolithic Power Systems

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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