The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) hit a new 52-week high and has $104.72 target or 30.00% above today’s $80.55 share price. The 5 months bullish chart indicates low risk for the $3.26 billion company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $104.72 price target is reached, the company will be worth $978.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 379,962 shares traded hands. Monolithic Power Systems, Inc. (NASDAQ:MPWR) has risen 34.41% since February 26, 2016 and is uptrending. It has outperformed by 23.98% the S&P500.
Analysts await Monolithic Power Systems, Inc. (NASDAQ:MPWR) to report earnings on October, 24. They expect $0.38 earnings per share, 0.00% or $0.00 from last year’s $0.38 per share. MPWR’s profit will be $15.38 million for 52.99 P/E if the $0.38 EPS becomes a reality. After $0.28 actual earnings per share reported by Monolithic Power Systems, Inc. for the previous quarter, Wall Street now forecasts 35.71% EPS growth.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) Ratings Coverage
Out of 7 analysts covering Monolithic Power Systems (NASDAQ:MPWR), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $81 is the highest target while $61 is the lowest. The $73.33 average target is -8.96% below today’s ($80.55) stock price. Monolithic Power Systems has been the topic of 14 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray on Friday, September 11 with “Overweight”. William Blair maintained the shares of MPWR in a report on Monday, September 21 with “Buy” rating. Needham maintained it with “Buy” rating and $68 target price in Tuesday, October 27 report. William Blair maintained the stock with “Outperform” rating in Monday, August 31 report. The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) has “Buy” rating given on Tuesday, May 3 by Stifel Nicolaus. The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) earned “Outperform” rating by Oppenheimer on Tuesday, May 3. The rating was maintained by Stifel Nicolaus on Thursday, July 14 with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, November 13 report. The company was maintained on Tuesday, October 27 by Stifel Nicolaus. Needham initiated Monolithic Power Systems, Inc. (NASDAQ:MPWR) rating on Monday, September 14. Needham has “Buy” rating and $67 price target.
According to Zacks Investment Research, “Monolithic Power Systems, Inc. (MPWR) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS’ mission is to reduce total energy consumption in our customers’ systems and service our customers with green, practical, compact solutions. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world. The company was founded by Michael R. Hsing and James C. Moyer in 1997 and is headquartered in San Jose, CA.”
Insitutional Activity: The institutional sentiment increased to 1.59 in Q2 2016. Its up 0.60, from 0.99 in 2016Q1. The ratio improved, as 13 funds sold all Monolithic Power Systems, Inc. shares owned while 56 reduced positions. 29 funds bought stakes while 81 increased positions. They now own 38.61 million shares or 0.24% more from 38.51 million shares in 2016Q1.
Loomis Sayles & Limited Partnership accumulated 368,051 shares or 0.07% of the stock. Legal General Group Inc Public Ltd Co last reported 0% of its portfolio in the stock. Aqr Capital Llc accumulated 0% or 21,406 shares. Panagora Asset Management last reported 63,094 shares in the company. Metropolitan Life Ny reported 27,980 shares or 0.01% of all its holdings. Goldman Sachs Grp Incorporated has invested 0% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Profund Advsr Limited Liability accumulated 0.02% or 4,900 shares. Adage Cap Prtnrs Group Lc holds 0.2% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR) for 1.08M shares. Kj Harrison & Prtn last reported 0.33% of its portfolio in the stock. National Bank & Trust Of New York Mellon accumulated 0.01% or 635,027 shares. Wells Fargo Mn last reported 0.02% of its portfolio in the stock. Savings Bank Of Montreal Can has invested 0% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Castleark Limited Liability Company last reported 0.27% of its portfolio in the stock. Swiss Natl Bank has 0.01% invested in the company for 62,300 shares. Oberweis Asset Mngmt Inc owns 7,300 shares or 0.15% of their US portfolio.
Insider Transactions: Since March 31, 2016, the stock had 0 insider purchases, and 32 sales for $15.68 million net activity. The insider Xiao Deming sold 6,341 shares worth $399,483. Shares for $12,863 were sold by Blegen Theodore. Hsing Michael sold 21,094 shares worth $1.31M. 6,320 shares with value of $459,201 were sold by Tseng Saria on Thursday, August 4. 10,000 shares with value of $654,378 were sold by Lee Victor K on Monday, May 23. Sciammas Maurice sold $296,666 worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) on Thursday, March 31.
More important recent Monolithic Power Systems, Inc. (NASDAQ:MPWR) news were published by: Finance.Yahoo.com which released: “Monolithic Power Systems Announces Third Quarter Dividend” on September 19, 2016, also Reuters.com published article titled: “BRIEF-Monolithic Power Systems appoints Bernie Blegen as CFO”, Prnewswire.com published: “Monolithic Power Systems Announces Chief Financial Officer Transition” on February 23, 2016. More interesting news about Monolithic Power Systems, Inc. (NASDAQ:MPWR) was released by: Fool.com and their article: “After Earnings Is Monolithic Power Systems Inc. a Buy?” with publication date: February 18, 2016.
MPWR Company Profile
Monolithic Power Systems, Inc., incorporated on February 26, 2004, designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Firm provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications. The Firm operates in the design, development, marketing and sale of high-performance power solutions for the communications, storage and computing, consumer and industrial markets segment. The Firm has approximately two primary product families that address multiple applications within the communications, storage and computing, consumer and industrial markets. The Company’s product families include Direct Current (DC) to DC Products, and Lighting Control Products and alternating current (AC)/DC Offline Solutions.
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