Monolithic Power Systems, Inc. (NASDAQ:MPWR) Director James C. Moyer sold 10,000 shares of Monolithic Power Systems stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $145.52, for a total value of $1,455,200.00. Following the completion of the sale, the director now directly owns 457,260 shares of the company’s stock, valued at approximately $66,540,475.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ MPWR traded up $2.14 on Monday, hitting $153.51. 276,800 shares of the company traded hands, compared to its average volume of 305,579. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 64.23, a P/E/G ratio of 2.31 and a beta of 1.68. The business’s 50 day moving average price is $145.54 and its 200-day moving average price is $138.33. Monolithic Power Systems, Inc. has a 52-week low of $101.99 and a 52-week high of $161.50.
Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.15). The company had revenue of $151.00 million for the quarter, compared to analysts’ expectations of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. Monolithic Power Systems’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 2.52 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPWR. Pearl River Capital LLC purchased a new position in Monolithic Power Systems during the second quarter valued at $25,000. Bessemer Group Inc. purchased a new position in Monolithic Power Systems during the second quarter valued at $33,000. Point72 Asset Management L.P. purchased a new position in Monolithic Power Systems during the second quarter valued at $41,000. CWM LLC lifted its position in Monolithic Power Systems by 128.5% during the first quarter. CWM LLC now owns 377 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 212 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in Monolithic Power Systems by 36.4% during the second quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications 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, monitors, automobiles, and medical equipment.
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