Michael Hsing Sells 2,785 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) CEO Michael Hsing sold 2,785 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $409.78, for a total value of $1,141,237.30. Following the transaction, the chief executive officer now directly owns 1,060,407 shares in the company, valued at $434,533,580.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael Hsing also recently made the following trade(s):

• On Wednesday, May 3rd, Michael Hsing sold 11,242 shares of Monolithic Power Systems stock. The shares were sold at an average price of $463.55, for a total value of $5,211,229.10.
• On Monday, April 3rd, Michael Hsing sold 11,100 shares of Monolithic Power Systems stock. The shares were sold at an average price of $487.99, for a total value of $5,416,689.00.
• On Monday, February 13th, Michael Hsing sold 6,333 shares of Monolithic Power Systems stock. The stock was sold at an average price of $492.31, for a total value of $3,117,799.23.

Monolithic Power Systems Trading Down 4.2 %

Shares of MPWR opened at $398.61 on Friday. The stock has a 50 day simple moving average of $473.62 and a 200-day simple moving average of $425.64. Monolithic Power Systems, Inc. has a 1 year low of $301.69 and a 1 year high of $541.39. The stock has a market cap of $18.89 billion, a PE ratio of 41.31, a PEG ratio of 1.62 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The semiconductor company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. Monolithic Power Systems had a return on equity of 30.00% and a net margin of 25.06%. The firm had revenue of $460.01 million during the quarter, compared to analysts’ expectations of $459.94 million. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $620.00 price target on shares of Monolithic Power Systems in a research note on Thursday, February 9th. StockNews.com assumed coverage on Monolithic Power Systems in a research note on Thursday, March 16th. They set a “hold” rating for the company. Cowen increased their target price on Monolithic Power Systems from $490.00 to $550.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. Raymond James raised their price objective on Monolithic Power Systems from $400.00 to $550.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Finally, Credit Suisse Group raised their price objective on Monolithic Power Systems from $475.00 to $580.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $522.67.

Institutional Investors Weigh In On Monolithic Power Systems

Several hedge funds and other institutional investors have recently made changes to their positions in MPWR. Private Advisor Group LLC boosted its position in shares of Monolithic Power Systems by 31.3% in the 1st quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock worth $672,000 after purchasing an additional 330 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Monolithic Power Systems by 5.4% during the first quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock worth $930,000 after acquiring an additional 99 shares in the last quarter. Cibc World Market Inc. lifted its holdings in Monolithic Power Systems by 1,624.0% during the first quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock worth $3,492,000 after acquiring an additional 6,772 shares in the last quarter. Blair William & Co. IL lifted its holdings in Monolithic Power Systems by 9.3% during the first quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock worth $5,019,000 after acquiring an additional 883 shares in the last quarter. Finally, Prudential PLC bought a new position in Monolithic Power Systems during the first quarter worth about $439,000. 96.42% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.