Jeff Zhou Sells 200 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director Jeff Zhou sold 200 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $750.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 6,069 shares of the company’s stock, valued at approximately $4,551,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $746.39 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $778.15. The company has a market capitalization of $36.33 billion, a price-to-earnings ratio of 88.96, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. The firm’s fifty day moving average price is $678.68 and its 200 day moving average price is $643.07.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Analysts forecast that Monolithic Power Systems, Inc. will post 10.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MPWR. Oppenheimer increased their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp increased their price target on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Truist Financial increased their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $743.78.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. RiverPark Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $27,000. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $31,000. Arlington Trust Co LLC increased its position in shares of Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 23 shares during the last quarter. Operose Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 3rd quarter worth about $43,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $43,000. Institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

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.