Monolithic Power Sys (NASDAQ:MPWR).
Baird Financial Group, Inc. reports that it sold 11,525 shares in the previous quarter decreasing its stake in Monolithic Power Sys (MPWR) by 2.9%. Its stake stood at $41,768,000 an increase of $2,867,000 as of quarter end.
Baird Financial Group, Inc. isn’t the only one who has changed their investment in MPWR. As of the end of the quarter Raymond James & Associates had disposed of a total of 21,964 shares trimming its holdings by 8.9%. The value of the investment in (MPWR) increased from $23,682,000 to $23,833,000 increasing 0.6% quarter over quarter. As of quarter end Great Lakes Advisors, LLC had bought 5,444 shares growing its position 6.9%. The value in dollars went from $7,586,000 to $8,965,000 a change of 18.2% since the last quarter.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 13 shares growing its stake by 0.2%. The value of the investment in Monolithic Power Sys increased from $534,000 to $592,000 a change of $58,000 quarter to quarter.
Equity analyst Stifel Nicolaus raised the price target on November 7 changing the price objective from $126.00 to $137.00 with a “Buy” recommendation. Oppenheimer Holdings raised the price target of the stock on October 27 boosting the projection from $120.00 to $130.00 and issued a “Outperform” rating.
Equity analyst Stifel Nicolaus raised the price target on October 27 changing the forecast from $117.00 to $126.00 and stated a “Buy” rating. October 27 investment analysts at KeyCorp kept the stock rating at “Buy” targeting a price of $125.00.
Equity analyst Deutsche Bank AG raised the price target on October 24 boosting the projection from $110.00 to $120.00 with a rating of “Buy”. On October 10, 2017 SunTrust Banks updated coverage of MPWR giving it an initial rating of “Buy”.
In the market the company is trading down since yesterday’s close of 119.77. The P/E ratio is 73.78 and the market cap is 4.95B. In the last earnings report the EPS was $1.62 with 41.52M shares currently outstanding.
Investors are feeling more bearish on shares of Monolithic Power Sys recently if you take a look at the motion in short interest. The stock experienced a rise in short interest of 0.11% as of October 13, 2017 from the last reporting period. Short interest grew 1,689 over that period. With short interest at 1,491,450 and short average daily volume at 177,010, the short-interest ratio is 8.0 and the percentage of shorted shares is 0.04% as of October 13.