Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Maurice Sciammas also recently made the following trade(s):
- On Monday, May 4th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,588.73, for a total value of $47,661.90.
- On Tuesday, May 5th, Maurice Sciammas sold 380 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,583.81, for a total value of $601,847.80.
- On Wednesday, April 1st, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,116.44, for a total value of $33,493.20.
- On Friday, March 20th, Maurice Sciammas sold 30 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,095.07, for a total value of $32,852.10.
Monolithic Power Systems Price Performance
Shares of NASDAQ MPWR traded down $18.22 during midday trading on Tuesday, hitting $1,468.11. 639,414 shares of the company’s stock were exchanged, compared to its average volume of 671,341. The stock’s 50 day moving average price is $1,325.88 and its 200-day moving average price is $1,129.07. The firm has a market cap of $72.13 billion, a P/E ratio of 105.85, a PEG ratio of 2.66 and a beta of 1.74. Monolithic Power Systems, Inc. has a twelve month low of $643.36 and a twelve month high of $1,675.42.
Institutional Investors Weigh In On Monolithic Power Systems
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its holdings in shares of Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Norges Bank acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $658,656,000. Royal Bank of Canada raised its stake in Monolithic Power Systems by 168.1% during the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after purchasing an additional 296,788 shares during the period. Invesco Ltd. raised its stake in Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares during the period. Finally, SG Americas Securities LLC raised its stake in Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after purchasing an additional 261,893 shares during the period. Institutional investors own 93.46% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on MPWR shares. Needham & Company LLC boosted their price objective on 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. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.
View Our Latest Research Report on Monolithic Power Systems
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.
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