Monolithic Power Systems (NASDAQ:MPWR) Director Jeff Zhou Sells 486 Shares

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Jeff Zhou also recently made the following trade(s):

• On Wednesday, May 6th, Jeff Zhou sold 500 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,650.00, for a total transaction of $825,000.00.
• On Tuesday, May 5th, Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84.

Monolithic Power Systems Stock Down 2.6%

MPWR traded down $42.81 during trading on Wednesday, hitting $1,620.17. The company’s stock had a trading volume of 858,570 shares, compared to its average volume of 644,963. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,714.09. The firm has a market cap of $79.60 billion, a PE ratio of 116.81, a P/E/G ratio of 2.97 and a beta of 1.74. The business’s 50 day simple moving average is $1,390.37 and its 200-day simple moving average is $1,154.17.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the firm earned $4.04 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Monolithic Power Systems

A number of hedge funds have recently modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Monolithic Power Systems during the fourth quarter worth $34,000. IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd boosted its position in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the last quarter. Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the fourth quarter worth $38,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Monolithic Power Systems by 542.9% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 38 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MPWR. Needham & Company LLC upped their price target on shares of 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. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. TD Cowen upped their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.