Yahoo Finance Insider Sale: Director Victor Lee Sells 1,000 Shares of Monolithic Power Systems Inc (MPWR)
On June 28, 2024, Victor Lee, Director at Monolithic Power Systems Inc (NASDAQ:MPWR), sold 1,000 shares of the company at a price of $820.46 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 29,232 shares of Monolithic Power Systems Inc.
Monolithic Power Systems Inc specializes in high-performance power solutions. These include components such as integrated circuits used in systems for industrial applications, telecommunications infrastructures, cloud computing, and automotive industries.
Over the past year, the insider transaction history at Monolithic Power Systems Inc shows a total of 78 insider sells and no insider buys. The insider, Victor Lee, has sold 1,000 shares and has not purchased any shares over the same period.
The shares of Monolithic Power Systems Inc were trading at $820.46 on the day of the sale, giving the company a market cap of approximately $39.88 billion. The price-earnings ratio of the company stands at 97.66, which is significantly higher than the industry median of 33.59.
According to the GF Value, the intrinsic value of Monolithic Power Systems Inc is estimated at $609.86 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.35.
This sale by the insider might be of interest to current and potential investors, as it provides insight into insider confidence and valuation perspectives at current price levels.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
