Monolithic Power Systems (NASDAQ:MPWR) Director Pilkington Karen Smith- sold 30,000 shares of the stock on the open market in a transaction that occured on Wednesday, August 7th. The stock was sold at an average price of $27.00, for a total value of $810,000.00. Following the sale, the director now directly owns 14,789 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
MPWR has been the subject of a number of recent research reports. Analysts at Needham & Company raised their price target on shares of Monolithic Power Systems from $27.00 to $30.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Monolithic Power Systems from $32.00 to $36.00 in a research note to investors on Wednesday, August 7th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Monolithic Power Systems in a research note to investors on Wednesday, August 7th. They now have a $30.00 price target on the stock.
Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.00.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 1.64% during mid-day trading on Monday, hitting $28.805. Monolithic Power Systems has a one year low of $17.17 and a one year high of $29.05. The stock’s 50-day moving average is currently $25.59. The company has a market cap of $1.075 billion and a P/E ratio of 75.98.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $57.70 million for the quarter, compared to the consensus estimate of $57.55 million. During the same quarter last year, the company posted $0.28 earnings per share. Monolithic Power Systems’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Monolithic Power Systems will post $1.04 earnings per share for the current fiscal year.
Monolithic Power Systems, Inc (NASDAQ:MPWR) is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors.
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