The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) reached all time high today, Sep, 30 and still has $119.27 target or 48.00% above today’s $80.59 share price. This indicates more upside for the $3.26 billion company. This technical setup was reported by Barchart.com. If the $119.27 PT is reached, the company will be worth $1.56B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 491,835 shares traded hands or 4.08% up from the average. 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 EPS, 0.00% or $0.00 from last year’s $0.38 per share. MPWR’s profit will be $15.37 million for 53.02 P/E if the $0.38 EPS becomes a reality. After $0.28 actual EPS 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. Monolithic Power Systems has been the topic of 14 analyst reports since August 31, 2015 according to StockzIntelligence Inc. On Tuesday, October 27 the stock rating was maintained by Needham with “Buy”. As per Friday, November 13, the company rating was maintained by Stifel Nicolaus. The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) has “Outperform” rating given on Tuesday, May 3 by Oppenheimer. The company was maintained on Monday, August 31 by William Blair. As per Tuesday, October 27, the company rating was maintained by Oppenheimer. The rating was initiated by Needham with “Buy” on Monday, September 14. The rating was maintained by William Blair on Monday, September 21 with “Buy”. The firm earned “Overweight” rating on Friday, September 11 by Piper Jaffray. Stifel Nicolaus maintained Monolithic Power Systems, Inc. (NASDAQ:MPWR) on Tuesday, May 3 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 14.
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.
Moreover, Arizona State Retirement Systems has 0.02% invested in Monolithic Power Systems, Inc. (NASDAQ:MPWR) for 19,222 shares. State Board Of Administration Of Florida Retirement Systems owns 24,284 shares or 0.01% of their US portfolio. Zacks Invest last reported 0.02% of its portfolio in the stock. Moreover, Dimensional Fund Advsr Limited Partnership has 0.02% invested in Monolithic Power Systems, Inc. (NASDAQ:MPWR) for 430,344 shares. Sei Invs holds 0% or 6,937 shares in its portfolio. Nordea Management last reported 9,581 shares in the company. Springbok Cap Mngmt Limited Liability Company has 15,520 shares for 0.15% of their US portfolio. Dai Ichi Life Ins holds 26,234 shares or 0.05% of its portfolio. Axiom Invsts Ltd De holds 0.1% or 50,686 shares in its portfolio. Mesirow Finance Invest Mgmt has invested 0.93% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Eaton Vance accumulated 32,136 shares or 0.01% of the stock. Connable Office has 6,517 shares for 0.12% of their US portfolio. Icon Advisers Communications accumulated 0.12% or 26,900 shares. Westfield Capital Mgmt Co Limited Partnership accumulated 0.4% or 701,438 shares. The Texas-based Capstone Asset Management has invested 0.03% in Monolithic Power Systems, Inc. (NASDAQ:MPWR).
Insider Transactions: Since March 31, 2016, the stock had 0 insider buys, and 32 sales for $15.68 million net activity. 70 Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares with value of $4,790 were sold by Xiao Deming. $636,543 worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares were sold by Lee Victor K. Shares for $425,400 were sold by Tseng Saria. $459,201 worth of shares were sold by Sciammas Maurice on Thursday, August 4. $7,588 worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was sold by Blegen Theodore on Thursday, September 1. The insider Hsing Michael sold 21,094 shares worth $1.31M.
More notable 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 with their article: “BRIEF-Monolithic Power Systems appoints Bernie Blegen as CFO” published on July 22, 2016, Nasdaq.com published: “Monolithic Power Systems, Inc. (MPWR) Ex-Dividend Date Scheduled for September …” on September 27, 2016. More interesting news about Monolithic Power Systems, Inc. (NASDAQ:MPWR) were released by: Prnewswire.com and their article: “Monolithic Power Systems Announces Chief Financial Officer Transition” published on February 23, 2016 as well as Fool.com‘s news article titled: “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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