In a filing, Monolithic Power System Inc revealed its CEO Hsing Michael unloaded 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 sold. As a result of this transaction, Hsing Michael now holds 834,898 shares worth roughly $485.57 million.
Then, MICHAEL HSING bought 5,200 shares, generating $3,640,000 in total proceeds.
Before that, Xiao Deming sold 662 shares. Monolithic Power System Inc shares valued at $474,721 were divested by the EVP, Global Operations at a price of $717.10 per share. As a result of the transaction, Xiao Deming now holds 161,577 shares, worth roughly $93.97 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 Monday, Monolithic Power System Inc [NASDAQ:MPWR] saw its stock fall -2.55% to $581.59. Over the last five days, the stock has gained 0.46%. Monolithic Power System Inc shares have fallen nearly -1.71% since the year began. Nevertheless, the stocks have fallen -20.48% 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 03/04/25. SMA at 50 days reached $636.21, while 200 days put it at $757.47.
Levels Of Support And Resistance For MPWR Stock
The 24-hour chart illustrates a support level at 569.89, which if violated will result in even more drops to 558.18. On the upside, there is a resistance level at 595.32. A further resistance level may holdings at 609.05. The Relative Strength Index (RSI) on the 14-day chart is 40.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -44.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.19%. Stochastics %K at 15.65% indicates the stock is a buying.
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.
