Monolithic Power Systems (NASDAQ:MPWR) EVP Saria Tseng Sells 5,000 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) EVP Saria Tseng sold 5,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,586.43, for a total transaction of $7,932,150.00. Following the transaction, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 Stock Down 2.6%

Shares of Monolithic Power Systems stock opened at $1,620.17 on Thursday. The stock has a market capitalization of $79.60 billion, a P/E ratio of 116.81, a PEG ratio of 2.97 and a beta of 1.74. The stock has a 50 day moving average price of $1,390.37 and a two-hundred day moving average price of $1,154.17. 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) last announced 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. The firm had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.04 earnings per share. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently bought and sold shares of MPWR. Brighton Jones LLC grew its position in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after acquiring an additional 161 shares during the period. NewEdge Advisors LLC lifted its position in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after acquiring an additional 314 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after acquiring an additional 9,315 shares during the period. Finally, Globeflex Capital L P bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $347,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research analyst reports. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. KeyCorp lifted their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

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.