Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been the object of insider selling activity recently. Director James C. Moyer let go of 15,000 shares at an average price of $97.65 on July 10th. That brings Moyer’s holdings to $77,217,519 as recorded in a recent Form 4 SEC filing. CFO Theodore Blegen sold 4,604 shares at an average price of $99.00 on Mon the 26th. That brings the CFO’s holdings to $4,210,470 as reported to the SEC.
James C. Moyer, Director disclosed the sale of 2,000 shares. The shares were purchased at an average price of $98.27. Moyer now owns $80,852,429 of the stock according to the SEC filing.
Monolithic Power Systems, Inc., launched on February 26, 2004, designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment. The Business’s product families include Direct Current (DC) to DC Products, and Lighting Control Products..
These funds have also shifted positions in (MPWR). Creative Planning reduced its investment by selling 1,900 shares a decrease of 1.3% from 03/31/2017 to 06/30/2017. Creative Planning owns 141,799 shares valued at $13,669,000. The total value of its holdings increased 3.3%. Atria Investments LLC expanded its ownership by buying 100 shares an increase of 2.9%. Atria Investments LLC now holds 3,533 shares with a value of $341,000. The value of the position overall is up by 7.9%.
As of quarter end Capstone Asset Management Co had bought 160 shares growing its holdings by 3.0%. The value of the total investment in Monolithic Power Systems, Inc. went from $493,000 to $531,000 a change of $38,000 since the last quarter. As of the end of the quarter Kames Capital Plc had acquired a total of 3,957 shares growing its stake by 7.9%. The value of the investment in MPWR increased from $4,599,000 to $5,193,000 a change of 12.9% quarter over quarter.
Raymond James upgraded the stock and raised the price target on November 21 boosting the price target from $64.00 to $100.00 and moving the rating from “Outperform” to “Strong Buy”. On November 21 the stock rating was upgraded to “Strong Buy” from “Outperform” with a current price target of $100.00 in a report from Raymond James.
July 14 investment analysts at Stifel Nicolaus maintained a stock rating of “Buy” but moved up the price target to $81.00 from $72.00. On May 3 Oppenheimer held the company rating at “Buy” and moved up the price target from $70.00 to $72.00.
May 3 investment analysts at Stifel Nicolaus kept the company rating at “Buy” and raised the price expectation from $55.00 to $72.00. February 5 investment analysts at Pacific Crest left the stock rating at “Overweight” and raised the price target to $80.00 from $65.00.
The company is now up by 1.45 percent from yesterday’s close. Monolithic Power Systems, Inc. declared a dividend for shareholders to be paid on Friday the 14th of July 2017. The dividend payment will be $0.200 per share for the quarter or $0.80 annualized. The dividend yield will be $0.82. The ex-dividend date will be Wednesday the 28th of June 2017.
Shares last traded at $100.15 a tad above $97.60, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $91.09. The 50 day moving average was up $2.55 whereas the 200 day average was up by +9.94%.
The P/E ratio is 74.79 and the market cap of the company is 4.13B. In the last earnings report the EPS was $1.34 and is expected to be $2.85 for the current year with 41,265,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.81 and the next full year EPS is projected to be $3.52.
Traders are more bullish of late if you take into consideration the downtick in short interest. The company realized a fall in short interest of -1.86% between June 15, 2017 and May 31, 2017. Short interest fell from 1,178,242 to 1,156,366 over that period. The short-interest ratio decreased to 4.6 and the percentage of shorted shares was 0.03% on May 31.