Insider Selling: Monolithic Power Systems (NASDAQ:MPWR) EVP Sells 7,565 Shares of Stock

Key Points

• Monolithic Power Systems EVP Saria Tseng sold 7,565 shares on May 27 at an average price of $1,700, totaling about $12.86 million. After the sale, Tseng still held 144,218 shares valued at roughly $245.17 million.
• This was part of a series of recent insider sales by Tseng, including additional transactions in late May and throughout March and April. The latest sale reduced her ownership by about 4.98%.
• MPWR shares fell 4.1% to $1,566.21 in Friday trading, but the company recently posted strong quarterly results, beating EPS and revenue estimates with 26.1% year-over-year revenue growth. Analysts remain broadly positive, with multiple firms raising price targets and the stock carrying a “Moderate Buy” consensus.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Saria Tseng sold 7,565 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares of the company's stock, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, May 22nd, Saria Tseng sold 5,000 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,586.43, for a total transaction of $7,932,150.00.
• 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 transaction 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 transaction 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 transaction 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 transaction of $25,943,577.00.

Monolithic Power Systems Stock Down 4.1%

Shares of MPWR stock traded down $66.96 on Friday, reaching $1,566.21. The stock had a trading volume of 1,164,137 shares, compared to its average volume of 615,906. The firm's 50-day moving average is $1,401.70 and its two-hundred day moving average is $1,158.93. The firm has a market capitalization of $76.95 billion, a price-to-earnings ratio of 112.92, a P/E/G ratio of 2.90 and a beta of 1.74. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analysts' expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business's revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MPWR. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a "buy" rating in a research report on Friday, May 1st. TD Cowen upped their target price on 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. KeyCorp raised their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Finally, Citigroup reiterated a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,599.17.

Hedge Funds Weigh In On Monolithic Power Systems

A number of hedge funds have recently modified their holdings of MPWR. Brighton Jones LLC lifted its holdings in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after buying an additional 200 shares during the period. Empowered Funds LLC lifted its holdings in Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock valued at $3,088,000 after buying an additional 161 shares during the period. NewEdge Advisors LLC lifted its holdings in Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company's stock valued at $6,863,000 after buying an additional 314 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Monolithic Power Systems by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company's stock valued at $26,175,000 after buying an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new position in Monolithic Power Systems in the second quarter valued at $347,000. 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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