Saria Tseng Sells 5,070 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Saria Tseng sold 5,070 shares of the business’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $130.91, for a total value of $663,713.70. Following the completion of the transaction, the vice president now directly owns 299,593 shares in the company, valued at approximately $39,219,719.63. 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 Friday, May 4th, Saria Tseng sold 5,736 shares of Monolithic Power Systems stock. The stock was sold at an average price of $120.01, for a total value of $688,377.36.
  • On Thursday, February 22nd, Saria Tseng sold 26,429 shares of Monolithic Power Systems stock. The stock was sold at an average price of $117.34, for a total value of $3,101,178.86.

Shares of MPWR stock traded down $0.23 on Tuesday, reaching $129.54. 200,046 shares of the stock were exchanged, compared to its average volume of 307,809. The company has a market cap of $5.44 billion, a P/E ratio of 70.02, a PEG ratio of 2.88 and a beta of 1.29. Monolithic Power Systems, Inc. has a one year low of $93.69 and a one year high of $131.90.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $129.20 million during the quarter, compared to the consensus estimate of $125.18 million. Monolithic Power Systems had a return on equity of 17.04% and a net margin of 14.52%. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. analysts predict that Monolithic Power Systems, Inc. will post 2.48 EPS for the current year.

MPWR has been the topic of a number of recent analyst reports. BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Raymond James initiated coverage on Monolithic Power Systems in a research note on Thursday, April 12th. They issued a “strong-buy” rating and a $140.00 price objective on the stock. Zacks Investment Research lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. KeyCorp boosted their price objective on Monolithic Power Systems from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 1st. Finally, ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $133.80.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Monolithic Power Systems by 10.8% during the first quarter. BlackRock Inc. now owns 4,657,674 shares of the semiconductor company’s stock worth $539,220,000 after acquiring an additional 452,686 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Monolithic Power Systems by 6.1% during the first quarter. Franklin Resources Inc. now owns 1,386,221 shares of the semiconductor company’s stock worth $160,485,000 after acquiring an additional 80,126 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Monolithic Power Systems by 3.0% during the first quarter. Wells Fargo & Company MN now owns 1,116,575 shares of the semiconductor company’s stock worth $129,266,000 after acquiring an additional 32,860 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Monolithic Power Systems by 103.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 836,929 shares of the semiconductor company’s stock worth $94,038,000 after acquiring an additional 426,360 shares during the last quarter. Finally, Earnest Partners LLC raised its position in shares of Monolithic Power Systems by 1.7% during the first quarter. Earnest Partners LLC now owns 819,704 shares of the semiconductor company’s stock worth $94,897,000 after acquiring an additional 14,090 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

Insider Buying and Selling by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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