It is currently trading at $121.67 well above the 50 day moving average of $109.55 and significantly higher than the 200 day moving average of $101.24. The 50 day moving average went up by +11.06% and the 200 day average went up $20.43 or +20.18%. Monolithic Power Systems, Inc. shares had a trading volume of 210K by the end of trading on Tuesday. Overall, volume was up 10.74% over the stocks normal daily volume.
Investors are feeling more bearish on shares of the company of late if you pay attention to the motion in short interest. The stock experienced a rise in short interest of 0.11% between September 29, 2017 and October 13, 2017. Short shares increased 1,689 over that timeframe. With short interest at 1,491,450 and short average daily volume at 177,010, days to cover is 8.0 and the short interest percentage is 0.04% as of October 13.
There has been some selling insider activity on Monolithic Power Systems, Inc. (NASDAQ:MPWR) recently. James C. Moyer, Director disclosed the sale of 15,000 shares of MPWR stock. The shares were purchased at an average price of $108.40. The Director now owns $80,782,390 of the stock according to the SEC filing. Sr VP Maurice Sciammas let go of 1,693 shares at an average price of $104.09 on September 18th. Sciammas now owns $38,273,373 of stock per an SEC filing yesterday.
Theodore Blegen, CFO disclosed the sale of 459 shares. The shares were sold on September 1st for an average price of $101.42. Blegen now owns $4,203,352 of the stock per the Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (MPWR). Pictet Asset Management Ltd added to its stake by buying 23,037 shares an increase of 10.4% as of 09/30/2017. Pictet Asset Management Ltd now controls 245,153 shares worth $26,121,000. The value of the position overall is up by 19.8%. Parkside Financial Bank & Trust divested its holdings by selling 27 shares a decrease of 12.7% in the quarter. Parkside Financial Bank & Trust owns 185 shares with a value of $20,000. The total value of its holdings decreased 0.0%.
Aperio Group, LLC grew its investment by buying 1,386 shares an increase of 8.4%. Aperio Group, LLC currently owns 17,790 shares valued at $1,896,000. The value of the position overall is up by 19.9%. Raymond James Financial Services Advisors, Inc. downsized its ownership by selling 23,773 shares a decrease of 12.0% from 06/30/2017 to 09/30/2017. Raymond James Financial Services Advisors, Inc. now holds 173,750 shares worth $18,516,000. The value of the position overall is down by 2.8%.
On October 10 analysts at SunTrust Robinson Humphrey began coverage of the stock by announcing an initial rating of “Buy”. October 24 investment analysts at Deutsche Bank kept the stock rating at “Buy” but raised the price target from $70.00 to $120.00.
On October 27 Stifel Nicolaus maintained a stock rating of “Buy” and moved up the price target to $126.00 from $81.00. October 27 investment analysts at Oppenheimer held the company rating at “Outperform” and raised the price expectation from $72.00 to $130.00.
The company is now up from yesterday’s close of $121.67. Additionally Monolithic Power Systems, Inc. recently announced a dividend paid on Friday the 13th of October 2017. The dividend was $0.200 per share for the quarter or $0.80 annualized. This dividend amount represented a yield of $0.66. The ex-dividend date was set for Thursday the 28th of September 2017.
Monolithic Power Systems, Inc. currently has a P/E ratio of 85.80 and market cap is 5.04B. As of the latest earnings report the EPS was $1.42 and is expected to be $2.91 for the current year with 41,384,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.76 with next year’s EPS projected to be $3.64.
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..