Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Deming Xiao Sells 1,300 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) EVP Deming Xiao sold 1,300 shares of the company's stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the transaction, the executive vice president now owns 206,418 shares of the company's stock, valued at $158,818,009.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Monolithic Power Systems Trading Up 0.5 %

MPWR stock traded up $3.88 during trading hours on Wednesday, hitting $760.62. 432,718 shares of the stock traded hands, compared to its average volume of 527,628. The stock has a 50-day simple moving average of $678.68 and a 200 day simple moving average of $643.07. The company has a market cap of $37.03 billion, a P/E ratio of 90.66, a P/E/G ratio of 3.90 and a beta of 1.22. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The company had revenue of $457.89 million for the quarter, compared to analysts' expectations of $447.76 million. Analysts forecast that Monolithic Power Systems, Inc. will post 10.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Swedbank AB acquired a new stake in Monolithic Power Systems during the 1st quarter worth about $3,387,000. LRI Investments LLC purchased a new position in shares of Monolithic Power Systems in the first quarter worth approximately $127,000. Cim LLC raised its holdings in shares of Monolithic Power Systems by 0.7% during the first quarter. Cim LLC now owns 3,506 shares of the semiconductor company's stock valued at $2,375,000 after acquiring an additional 23 shares during the period. Plato Investment Management Ltd lifted its position in shares of Monolithic Power Systems by 578.4% in the 1st quarter. Plato Investment Management Ltd now owns 251 shares of the semiconductor company's stock valued at $170,000 after acquiring an additional 214 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Monolithic Power Systems in the 1st quarter worth approximately $216,000. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. KeyCorp raised their price target on shares of Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Truist Financial lifted their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Oppenheimer raised their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $743.78.

Monolithic Power Systems Company Profile

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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