Maurice Sciammas Sells 10,828 Shares of Monolithic Power Systems, Inc. (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) VP Maurice Sciammas sold 10,828 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $101.60, for a total value of $1,100,124.80. Following the sale, the vice president now owns 374,994 shares of the company’s stock, valued at approximately $38,099,390.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Monolithic Power Systems, Inc. (MPWR) opened at 97.61 on Friday. The stock’s 50 day moving average price is $101.01 and its 200 day moving average price is $94.94. Monolithic Power Systems, Inc. has a 52-week low of $71.60 and a 52-week high of $107.87. The firm has a market capitalization of $4.04 billion, a PE ratio of 68.84 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. On average, analysts predict that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

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A number of research firms recently commented on MPWR. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. upped their price objective on Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. Zacks Investment Research downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price (up from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus target price of $112.29.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after buying an additional 4,170,068 shares during the period. Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,118,538 shares of the semiconductor company’s stock valued at $300,627,000 after buying an additional 85,754 shares during the period. State Street Corp boosted its stake in Monolithic Power Systems by 3.7% in the second quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock valued at $131,351,000 after buying an additional 48,013 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Monolithic Power Systems by 98.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock valued at $112,070,000 after buying an additional 577,248 shares during the period. Finally, Wasatch Advisors Inc. boosted its stake in Monolithic Power Systems by 4.7% in the second quarter. Wasatch Advisors Inc. now owns 1,017,256 shares of the semiconductor company’s stock valued at $98,063,000 after buying an additional 46,077 shares during the period. 93.36% of the stock is owned by institutional investors.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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