Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Monolithic Power System Inc shares valued at $3,640,000 were sold by Hsing Michael on Feb 18 ’25. At $700.00 per share, Hsing Michael sold 5,200 shares. The insider’s holdings dropped to 834,898 shares worth approximately $575.92 million following the completion of this transaction.
Also, MICHAEL HSING purchased 5,200 shares, netting a total of over 3,640,000 in proceeds.
Before that, Xiao Deming had sold 662 shares from its account. In a trade valued at $474,721, the EVP, Global Operations traded Monolithic Power System Inc shares for $717.10 each. Upon closing the transaction, the insider’s holdings decreased to 662 shares, worth approximately $111.46 million.
As published in their initiating research note from Citigroup on December 11, 2024, Monolithic Power System Inc [MPWR] has been a Buy and the price target has been revised to $700. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late November. As of November 18, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for MPWR. Earlier on November 12, 2024, Loop Capital initiated its rating. Their recommendation was “a Hold” for MPWR stock.
Analyzing MPWR Stock Performance
During the last five days, there has been a drop of approximately -1.38%. Over the course of the year, Monolithic Power System Inc shares have jumped approximately 16.58%. Shares of the company reached a 52-week high of $723.99 on 02/07/25 and a 52-week low of $576.42 on 01/13/25. A 50-day SMA is recorded $634.34, while a 200-day SMA reached $763.76. Nevertheless, trading volume fell to 0.68 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Monolithic Power System Inc (MPWR)
According to the 24-hour chart, there is a support level at 678.82, which, if violated, would cause prices to drop to 667.84. In the upper region, resistance lies at 704.11. The next price resistance is at 718.41. RSI (Relative Strength Index) is 57.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.08, which suggests the price will increase in the coming days. Percent R is at 31.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
