Monolithic Power Systems, Inc. (MPWR) Insider Sells $1,485,500.00 in Stock

Share on StockTwits

Monolithic Power Systems, Inc. (NASDAQ:MPWR) insider Deming Xiao sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $148.55, for a total transaction of $1,485,500.00. Following the completion of the transaction, the insider now directly owns 300,171 shares in the company, valued at approximately $44,590,402.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Deming Xiao also recently made the following trade(s):

  • On Monday, August 27th, Deming Xiao sold 3,334 shares of Monolithic Power Systems stock. The shares were sold at an average price of $150.00, for a total transaction of $500,100.00.
  • On Thursday, August 23rd, Deming Xiao sold 5,497 shares of Monolithic Power Systems stock. The shares were sold at an average price of $145.82, for a total transaction of $801,572.54.
  • On Friday, August 10th, Deming Xiao sold 11,081 shares of Monolithic Power Systems stock. The shares were sold at an average price of $138.93, for a total transaction of $1,539,483.33.
  • On Monday, August 6th, Deming Xiao sold 1,710 shares of Monolithic Power Systems stock. The shares were sold at an average price of $135.99, for a total transaction of $232,542.90.
  • On Friday, August 3rd, Deming Xiao sold 3,019 shares of Monolithic Power Systems stock. The shares were sold at an average price of $135.45, for a total transaction of $408,923.55.

NASDAQ:MPWR opened at $149.32 on Friday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 80.71, a PEG ratio of 2.44 and a beta of 1.47. Monolithic Power Systems, Inc. has a 52 week low of $100.26 and a 52 week high of $151.80.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. The firm had revenue of $139.76 million during the quarter, compared to analyst estimates of $139.45 million. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. equities research analysts forecast that Monolithic Power Systems, Inc. will post 2.45 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $141,000. Engineers Gate Manager LP purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $201,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $216,000. Signition LP purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $222,000. Finally, Triangle Securities Wealth Management purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $224,000. Institutional investors own 94.09% of the company’s stock.

Several brokerages recently weighed in on MPWR. Cowen began coverage on shares of Monolithic Power Systems in a research report on Thursday, May 17th. They issued an “outperform” rating and a $150.00 price target on the stock. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. KeyCorp increased their price objective on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, August 29th. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Finally, Deutsche Bank increased their price objective on shares of Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Monolithic Power Systems currently has an average rating of “Buy” and an average price target of $150.56.

Monolithic Power Systems Company Profile

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.

Further Reading: Stock Symbols and CUSIP Explained

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply