Monolithic Power Systems Inc (MPWR): Deming Xiao , Pres. of MPS Asia Operations of Monolithic Power Systems Inc sold 82 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $67.26 per share for a total value of $5,515.32 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Deming Xiao (Pres. of MPS Asia Operations) sold 70 shares at $68.43 per share price.On May 27, 2016, Victor K Lee (director) sold 9,357 shares at $68.04 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.
Shares of Monolithic Power Systems (MPWR) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -1.49 points or -2.20% at $66.11 with 2,56,638 shares getting traded. Post opening the session at $67.26, the shares hit an intraday low of $65.89 and an intraday high of $67.91 and the price vacillated in this range throughout the day. The company has a market cap of $2,664 M and the number of outstanding shares has been calculated to be 4,02,91,092 shares. The 52-week high of Monolithic Power Systems is $71.045 and the 52-week low is $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.