Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) EVP Sells 5,000 Shares of Stock

Key Points

• EVP Saria Tseng sold 5,000 shares of Monolithic Power Systems on May 22 at an average price of $1,586.43, generating about $7.93 million. After the sale, she still held 151,783 shares, and the transaction reduced her ownership by 3.19%.
• MPWR shares fell 2.6% to $1,620.17 in Wednesday trading, though the stock remained near its 12-month high of $1,714.09. The company also carries a sizable market cap of about $79.6 billion.
• The company’s latest earnings beat expectations, reporting $5.10 EPS 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 a consensus target price of $1,599.17.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Saria Tseng sold 5,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,586.43, for a total value of $7,932,150.00. Following the transaction, the executive vice president owned 151,783 shares in the company, valued at $240,793,104.69. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Saria Tseng also recently made the following trade(s):

• On Wednesday, April 8th, Saria Tseng sold 8,963 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,305.22, for a total value of $11,698,686.86.
• On Monday, April 6th, Saria Tseng sold 7,636 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,167.95, for a total value of $8,918,466.20.
• On Wednesday, April 1st, Saria Tseng sold 1,400 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,133.52, for a total value of $1,586,928.00.
• On Monday, March 30th, Saria Tseng sold 25,674 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00.

Monolithic Power Systems Trading Down 2.6%

Shares of MPWR traded down $42.81 during trading hours on Wednesday, reaching $1,620.17. The stock had a trading volume of 858,570 shares, compared to its average volume of 611,560. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,714.09. The firm has a 50-day simple moving average of $1,379.51 and a 200 day simple moving average of $1,149.51. The company has a market capitalization of $79.60 billion, a price-to-earnings ratio of 116.81, a P/E/G ratio of 2.84 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its 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 return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million for the quarter, compared to analysts' expectations of $781.93 million. During the same period last year, the business earned $4.04 EPS. Monolithic Power Systems's quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MPWR shares. Weiss Ratings upgraded Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, May 7th. Wells Fargo & Company raised their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Raymond James Financial reaffirmed an "outperform" rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Citigroup reaffirmed a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, TD Cowen raised their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,599.17.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC boosted its position in shares of Monolithic Power Systems by 88.9% during the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company's stock valued at $2,016,000 after acquiring an additional 1,031 shares during the last quarter. AE Wealth Management LLC bought a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $1,121,000. First Trust Advisors LP lifted its position in Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company's stock worth $412,263,000 after buying an additional 178,622 shares during the last quarter. Vanguard Group Inc. lifted its position in Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock worth $5,591,998,000 after buying an additional 134,087 shares during the last quarter. Finally, Candriam S.C.A. lifted its position in Monolithic Power Systems by 6.9% in the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company's stock worth $79,089,000 after buying an additional 5,561 shares during the last quarter. Hedge funds and other institutional investors 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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