Stock of The Day: Is Monolithic Power Systems, Inc. a Buy? The Stock Reaches 52-Week High Today

Stock of The Day: Is Monolithic Power Systems, Inc. a Buy? The Stock Reaches 52 Week High Today

The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) hit a new 52-week high and has $130.92 target or 57.00% above today’s $83.39 share price. The 6 months bullish chart indicates low risk for the $3.40 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $130.92 price target is reached, the company will be worth $1.94B 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 241,968 shares traded hands. Monolithic Power Systems, Inc. (NASDAQ:MPWR) has risen 27.98% since April 19, 2016 and is uptrending. It has outperformed by 24.12% the S&P500.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Ratings Coverage

Out of 8 analysts covering Monolithic Power Systems (NASDAQ:MPWR), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Monolithic Power Systems has been the topic of 16 analyst reports since August 31, 2015 according to StockzIntelligence Inc. As per Friday, September 11, the company rating was initiated by Piper Jaffray. Oppenheimer maintained it with “Outperform” rating and $80 target price in Tuesday, May 3 report. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, October 27. The rating was initiated by Needham on Monday, September 14 with “Buy”. The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) earned “Outperform” rating by Oppenheimer on Tuesday, October 27. Raymond James upgraded the shares of MPWR in a report on Monday, November 21 to “Strong Buy” rating. William Blair maintained Monolithic Power Systems, Inc. (NASDAQ:MPWR) on Monday, September 21 with “Buy” rating. The firm has “Buy” rating given on Thursday, July 14 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, May 3. As per Tuesday, November 1, the company rating was maintained by Stifel Nicolaus.

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 decreased to 1.14 in 2016 Q2. Its down 0.45, from 1.59 in 2016Q1. The ratio fall, 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.
Putnam Invs Lc has 0.01% invested in the company for 45,313 shares. Ameritas Prtnrs holds 0.01% or 3,051 shares in its portfolio. Parametric Portfolio Ltd Liability Corp last reported 0.02% of its portfolio in the stock. Eagle Asset Management holds 0.03% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR) for 71,224 shares. Rs Inv Mngmt Ltd Liability Corporation reported 1.94M shares or 1.36% of all its holdings. Thrivent Finance For Lutherans owns 303,029 shares or 0.1% of their US portfolio. Gp has 28,673 shares for 0% of their US portfolio. Keybank Natl Association Oh accumulated 0% or 5,697 shares. Comerica Comml Bank has 37,095 shares for 0.02% of their US portfolio. Amalgamated Bancshares, a New York-based fund reported 4,480 shares. Ls Investment Advsr Ltd Limited Liability Company accumulated 1,289 shares or 0.01% of the stock. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Monolithic Power Systems, Inc. (NASDAQ:MPWR) for 11,675 shares. Great West Life Assurance Can has 0% invested in the company for 5,005 shares. Fund Mngmt Sa holds 15,400 shares or 0.01% of its portfolio. Dimensional Fund Advisors L P has 0.02% invested in the company for 430,344 shares.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 25 selling transactions for $10.53 million net activity. 6,320 Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares with value of $459,201 were sold by Tseng Saria. The insider Moyer James C sold 2,000 shares worth $159,084. Shares for $463,854 were sold by Xiao Deming. Shares for $636,543 were sold by Lee Victor K on Thursday, May 26. 6,319 shares were sold by Sciammas Maurice, worth $491,585 on Friday, November 4. Hsing Michael had sold 21,094 shares worth $1.53 million on Thursday, August 4. Blegen Theodore sold $7,588 worth of stock or 99 shares.

More important recent Monolithic Power Systems, Inc. (NASDAQ:MPWR) news were published by: Marketwatch.com which released: “Monolithic Power Systems stock price target raised to $90 from $80 at Pacific …” on December 21, 2009, also Fool.com published article titled: “After Earnings Is Monolithic Power Systems Inc. a Buy?”, 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: Prnewswire.com and their article: “Monolithic Power Systems Announces $50 Million Stock Repurchase Program” with publication date: February 04, 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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