Monolithic Power Systems Inc (MPWR): Michael Hsing , CEO of Monolithic Power Systems Inc sold 4,105 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $60.56 per share for a total value of $248,598.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Maurice Sciammas (Sr. V.P.of Sales and Marketing) sold 26,101 shares at $62.57 per share price.On May 13, 2016, Deming Xiao (Pres. of MPS Asia Operations) sold 6,341 shares at $63.00 per share price.Also, On May 11, 2016, Michael Hsing (CEO) sold 11,322 shares at $62.11 per share price.On May 6, 2016, Saria Tseng (VP & General Counsel) sold 6,318 shares at $62.41 per share price.
Monolithic Power Systems: On Monday, May 16, 2016 heightened volatility was witnessed in Monolithic Power Systems which led to swings in the share price. The shares opened for trading at $61.67 and hit $63.59 on the upside , eventually ending the session at $62.86, with a gain of 2.29% or 1.41 points. The heightened volatility saw the trading volume jump to 2,97,657 shares. The 52-week high of the share price is $69.25 and the company has a market cap of $2,533 M . The 52-week low of the share price is at $40.752.
Company has been under the radar of several Street Analysts.Monolithic Power Systems is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $68 .The Rating was issued on May 3, 2016.Monolithic Power Systems is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 75 from a previous price target of $70 .The Rating was issued on May 3, 2016.
Monolithic Power Systems Inc. provides integrated power solutions. The Company provides power solutions for systems found in industrial applications telecom infrastructures cloud computing automotive and consumer applications. MPS can be contacted through its Website at www.monolithicpower.com or its support offices around the world. The Company is headquartered in San Jose California.