Kuo Wei Herbert Chang Sells 100 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now directly owns 776 shares of the company’s stock, valued at approximately $504,400. This trade represents a 11.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Monolithic Power Systems Stock Down 0.3 %

NASDAQ MPWR opened at $638.21 on Friday. The business’s 50-day moving average price is $572.75 and its 200 day moving average price is $621.79. The firm has a market cap of $30.56 billion, a P/E ratio of 17.36, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the previous year, the company posted $2.81 earnings per share. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Institutional Trading of Monolithic Power Systems

Several hedge funds and other institutional investors have recently made changes to their positions in MPWR. Deutsche Bank AG boosted its holdings in Monolithic Power Systems by 6.4% in the 1st quarter. Deutsche Bank AG now owns 169,196 shares of the semiconductor company’s stock valued at $98,130,000 after purchasing an additional 10,158 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Monolithic Power Systems in the 1st quarter valued at approximately $253,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Monolithic Power Systems by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 335,986 shares of the semiconductor company’s stock valued at $194,865,000 after buying an additional 10,163 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in Monolithic Power Systems during the first quarter worth $1,260,000. Finally, Citizens Financial Group Inc. RI raised its position in Monolithic Power Systems by 82.1% in the first quarter. Citizens Financial Group Inc. RI now owns 681 shares of the semiconductor company’s stock worth $396,000 after acquiring an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Oppenheimer restated an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. KeyCorp dropped their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Raymond James restated an “outperform” rating and set a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, TD Cowen increased their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $779.83.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.