Monolithic Power System Inc’s recently made public that its Officer MICHAEL HSING acquired Company’s shares for reported $3.64 million on Feb 18 ’25. In the deal valued at $700.00 per share,5,200 shares were bought.
Then, Xiao Deming sold 662 shares, generating $474,721 in total proceeds. Upon selling the shares at $717.10, the EVP, Global Operations now owns 161,577 shares.
Before that, Tseng Saria sold 663 shares. Monolithic Power System Inc shares valued at $475,438 were divested by the EVP & General Counsel at a price of $717.10 per share. As a result of the transaction, Tseng Saria now holds 158,977 shares, worth roughly $109.82 million.
Citigroup initiated its Monolithic Power System Inc [MPWR] rating to a Buy in a research note published on December 11, 2024; the price target was $700. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Equal weight”‘ rating. Loop Capital also remained covering MPWR and has increased its forecast on November 18, 2024 with a “Buy” recommendation from previously “Hold” rating. Loop Capital started covering the stock on November 12, 2024. It rated MPWR as “a Hold”.
Price Performance Review of MPWR
On Tuesday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock jump 0.85% to $690.77. Over the last five days, the stock has lost -2.07%. Monolithic Power System Inc shares have risen nearly 16.74% since the year began. Nevertheless, the stocks have fallen -7.30% over the past one year. While a 52-week high of $959.64 was reached on 02/07/25, a 52-week low of $546.71 was recorded on 01/13/25. SMA at 50 days reached $629.77, while 200 days put it at $763.67.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 682.32, which if violated will result in even more drops to 673.88. On the upside, there is a resistance level at 701.99. A further resistance level may holdings at 713.22. The Relative Strength Index (RSI) on the 14-day chart is 58.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.50%. Stochastics %K at 70.99% indicates the stock is a holding.
The most recent change occurred on October 31, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $975.
