Monolithic Power Systems Inc (MPWR): Victor K Lee , director of Monolithic Power Systems Inc sold 9,357 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $68.04 per share for a total value of $636,543.31 , 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 26, 2016, Deming Xiao (Pres. of MPS Asia Operations) sold 27 shares at $65.87 per share price.On May 25, 2016, Victor K Lee (director) sold 10,000 shares at $65.44 per share price.Also, On May 25, 2016, Saria Tseng (VP & General Counsel) sold 5,630 shares at $65.00 per share price.On May 17, 2016, Michael Hsing (CEO) sold 4,105 shares at $60.56 per share price.
Monolithic Power Systems (MPWR) witnessed a volatile trading activity on Wednesday May 25, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $67.52 and reached the intraday high at $67.85. The bulls started the profit booking and pushed the shares to intraday low of $66.54. The trading session was marked by a volume range of 2,54,375 shares exchanging hands. The 52-week high of the shares is $69.25 and the 52-week low is $40.752. The market cap of the company stands at $2,695 M and there are 4,02,91,092 shares in public circulation.
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.