Price Action To Observe: What’s Ahead for Monolithic Power Systems, Inc. After Touching All Time High?

Price Action To Observe: What's Ahead for Monolithic Power Systems, Inc. After Touching All Time High?

The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) reached all time high today, Oct, 10 and still has $112.73 target or 40.00% above today’s $80.52 share price. This indicates more upside for the $3.26B company. This technical setup was reported by Barchart.com. If the $112.73 PT is reached, the company will be worth $1.30B 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 34,759 shares traded hands. Monolithic Power Systems, Inc. (NASDAQ:MPWR) has risen 30.50% since March 7, 2016 and is uptrending. It has outperformed by 22.91% 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 52.97 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. Monolithic Power Systems has been the topic of 14 analyst reports since August 31, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained it with “Buy” rating and $72 target price in Tuesday, May 3 report. Oppenheimer maintained the shares of MPWR in a report on Tuesday, May 3 with “Outperform” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, November 13. The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) earned “Buy” rating by William Blair on Monday, September 21. The company was initiated on Monday, September 14 by Needham. Needham maintained the shares of MPWR in a report on Tuesday, October 27 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 14. Piper Jaffray initiated the stock with “Overweight” rating in Friday, September 11 report. The firm has “Outperform” rating given on Monday, August 31 by William Blair. Oppenheimer maintained Monolithic Power Systems, Inc. (NASDAQ:MPWR) on Tuesday, October 27 with “Outperform” rating.

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.
Connable Office, a Michigan-based fund reported 6,517 shares. Moreover, Northern Trust Corporation has 0.01% invested in Monolithic Power Systems, Inc. (NASDAQ:MPWR) for 642,298 shares. Eaton Vance Management has 0.01% invested in the company for 32,136 shares. Westfield Capital L P has 701,438 shares for 0.4% of their US portfolio. Sawgrass Asset Mngmt Ltd Company reported 3,280 shares or 0.01% of all its holdings. State Street Corp holds 0.01% or 847,437 shares in its portfolio. Aperio Grp Incorporated Ltd Llc has 13,484 shares for 0.01% of their US portfolio. California Pub Employees Retirement Systems accumulated 0.02% or 144,200 shares. G2 Investment Prns owns 50,920 shares or 1.61% of their US portfolio. State Board Of Administration Of Florida Retirement Systems has invested 0.01% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Geode Limited Liability Corporation has invested 0.01% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Next Century Growth Limited Liability Company has 0.67% invested in the company for 210,167 shares. Moreover, Oberweis Asset has 0.15% invested in Monolithic Power Systems, Inc. (NASDAQ:MPWR) for 7,300 shares. Voya Investment Ltd has 417,399 shares for 0.07% of their US portfolio. Pnc Financial Inc last reported 8,358 shares in the company.

Insider Transactions: Since April 11, 2016, the stock had 0 buys, and 32 sales for $13.77 million net activity. Another trade for 70 shares valued at $5,305 was made by Xiao Deming on Friday, September 16. Tseng Saria sold $425,400 worth of stock or 5,653 shares. Shares for $1.63M were sold by Sciammas Maurice on Wednesday, May 11. $704,700 worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was sold by Hsing Michael on Monday, May 9. 51 shares were sold by Blegen Theodore, worth $3,748. 9,357 Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares with value of $636,543 were sold by Lee Victor K. Moyer James C had sold 2,000 shares worth $159,084 on Monday, October 3.

More important recent Monolithic Power Systems, Inc. (NASDAQ:MPWR) news were published by: Prnewswire.com which released: “Monolithic Power Systems Announces Chief Financial Officer Transition” on February 23, 2016, also Fool.com published article titled: “After Earnings Is Monolithic Power Systems Inc. a Buy?”, Prnewswire.com published: “Monolithic Power Systems Announces $50 Million Stock Repurchase Program” on February 04, 2016. More interesting news about Monolithic Power Systems, Inc. (NASDAQ:MPWR) was released by: Seekingalpha.com and their article: “Monolithic Power Systems (MPWR) Michael R. Hsing on Q2 2016 Results – Earnings …” with publication date: July 26, 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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