Monolithic Power Systems Target of Unusually High Options Trading (MPWR)

Monolithic Power Systems, Inc. (NASDAQ:MPWR) was the target of unusually large options trading on Tuesday. Investors acquired 1,170 call options on the stock. This is an increase of 1,646% compared to the typical volume of 67 call options.

Several research analysts have recently weighed in on MPWR shares. KeyCorp upped their target price on Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 29th. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $155.00 target price on shares of Monolithic Power Systems in a research note on Thursday, September 13th. Raymond James downgraded Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 target price for the company. in a research note on Tuesday, September 25th. Finally, ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $151.00.

In other news, CFO Theodore Blegen sold 1,088 shares of the company’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $114.61, for a total transaction of $124,695.68. Following the completion of the transaction, the chief financial officer now directly owns 54,987 shares of the company’s stock, valued at approximately $6,302,060.07. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Deming Xiao sold 4,819 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $121.73, for a total value of $586,616.87. Following the transaction, the insider now directly owns 318,312 shares of the company’s stock, valued at $38,748,119.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,093 shares of company stock valued at $11,269,691. Corporate insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MPWR. Bank of Montreal Can purchased a new position in Monolithic Power Systems during the 2nd quarter worth approximately $2,421,000. Cornerstone Wealth Management LLC acquired a new position in Monolithic Power Systems during the second quarter worth $448,000. Massachusetts Financial Services Co. MA raised its holdings in Monolithic Power Systems by 2.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 569,494 shares of the semiconductor company’s stock worth $76,124,000 after purchasing an additional 15,334 shares during the last quarter. Aperio Group LLC raised its holdings in Monolithic Power Systems by 11.3% during the second quarter. Aperio Group LLC now owns 23,878 shares of the semiconductor company’s stock worth $3,192,000 after purchasing an additional 2,415 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Monolithic Power Systems by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,670 shares of the semiconductor company’s stock worth $4,502,000 after purchasing an additional 1,046 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ MPWR opened at $126.84 on Thursday. The firm has a market cap of $5.60 billion, a PE ratio of 68.56, a price-to-earnings-growth ratio of 2.19 and a beta of 1.51. Monolithic Power Systems has a twelve month low of $101.99 and a twelve month high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 25th. The semiconductor company reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. The company had revenue of $159.98 million during the quarter, compared to analysts’ expectations of $158.59 million. Monolithic Power Systems had a return on equity of 18.51% and a net margin of 16.07%. As a group, research analysts predict that Monolithic Power Systems will post 2.46 earnings per share for the current year.

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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.

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