Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total value of $46,018.50. Following the transaction, the executive vice president directly owned 1,179 shares of the company’s stock, valued at $1,808,527.05. The trade was a 2.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Maurice Sciammas also recently made the following trade(s):
- On Friday, May 15th, Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00.
- 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 Monolithic Power Systems stock opened at $1,481.05 on Friday. The business has a 50 day simple moving average of $1,462.17 and a two-hundred day simple moving average of $1,184.55. Monolithic Power Systems, Inc. has a 12 month low of $670.00 and a 12 month high of $1,714.09. The stock has a market capitalization of $72.76 billion, a P/E ratio of 106.78, a PEG ratio of 2.96 and a beta of 1.69.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Finally, Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.
View Our Latest Research Report on Monolithic Power Systems
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 business. Royal Fund Management LLC increased its stake in Monolithic Power Systems by 2.7% during the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 7 shares during the last quarter. Covestor Ltd increased its stake in 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. Bell Investment Advisors Inc increased its stake in Monolithic Power Systems by 23.7% during the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 9 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in Monolithic Power Systems by 4.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 10 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in Monolithic Power Systems by 1.4% during the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Monolithic Power Systems
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
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.
