Monolithic Power Systems, Inc. (NASDAQ:MPWR) Short Interest Update

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,180,000 shares, a growth of 5.4% from the August 15th total of 1,120,000 shares. Based on an average daily volume of 496,900 shares, the short-interest ratio is currently 2.4 days. Currently, 2.7% of the shares of the stock are sold short.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 950 shares of Monolithic Power Systems stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.58, for a total transaction of $343,501.00. Following the completion of the transaction, the chief financial officer now directly owns 129,043 shares of the company’s stock, valued at approximately $46,659,367.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael Hsing sold 11,495 shares of Monolithic Power Systems stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.57, for a total transaction of $4,156,247.15. Following the completion of the transaction, the chief executive officer now directly owns 1,026,928 shares of the company’s stock, valued at approximately $371,306,356.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 950 shares of Monolithic Power Systems stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.58, for a total transaction of $343,501.00. Following the transaction, the chief financial officer now directly owns 129,043 shares of the company’s stock, valued at $46,659,367.94. The disclosure for this sale can be found here. Insiders sold 37,482 shares of company stock valued at $16,926,370 in the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Trading of Monolithic Power Systems

Several hedge funds have recently added to or reduced their stakes in MPWR. BlackRock Inc. increased its holdings in Monolithic Power Systems by 4.5% during the 1st quarter. BlackRock Inc. now owns 6,249,482 shares of the semiconductor company’s stock worth $3,035,249,000 after purchasing an additional 269,551 shares in the last quarter. Vanguard Group Inc. increased its holdings in Monolithic Power Systems by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,872,963 shares of the semiconductor company’s stock worth $2,366,701,000 after purchasing an additional 78,909 shares in the last quarter. State Street Corp increased its holdings in Monolithic Power Systems by 4.2% during the 4th quarter. State Street Corp now owns 1,815,937 shares of the semiconductor company’s stock worth $896,931,000 after purchasing an additional 73,538 shares in the last quarter. Franklin Resources Inc. increased its holdings in Monolithic Power Systems by 4.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,630,017 shares of the semiconductor company’s stock worth $625,991,000 after purchasing an additional 75,816 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Monolithic Power Systems by 12.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,273,178 shares of the semiconductor company’s stock worth $488,952,000 after purchasing an additional 143,285 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $417.66 on Tuesday. Monolithic Power Systems has a 52-week low of $348.02 and a 52-week high of $580.00. The stock has a market cap of $19.54 billion, a P/E ratio of 59.92, a P/E/G ratio of 1.74 and a beta of 1.10. The firm has a 50 day moving average price of $464.04 and a 200 day moving average price of $438.75.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last issued its quarterly earnings data on Monday, August 1st. The semiconductor company reported $3.25 EPS for the quarter, topping the consensus estimate of $2.94 by $0.31. The business had revenue of $461.00 million for the quarter, compared to the consensus estimate of $430.59 million. Monolithic Power Systems had a return on equity of 26.57% and a net margin of 22.40%. The firm’s revenue was up 57.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. Analysts predict that Monolithic Power Systems will post 9.59 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, September 29th. Monolithic Power Systems’s payout ratio is presently 43.04%.

Analysts Set New Price Targets

Several research firms have weighed in on MPWR. Cowen raised their price objective on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. KeyCorp raised their price objective on shares of Monolithic Power Systems from $570.00 to $580.00 and gave the company an “overweight” rating in a research report on Tuesday, August 2nd. Oppenheimer raised their price objective on shares of Monolithic Power Systems from $500.00 to $550.00 in a research report on Tuesday, August 2nd. Cowen raised their price objective on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. Finally, Raymond James lowered their price objective on shares of Monolithic Power Systems from $600.00 to $570.00 and set an “outperform” rating for the company in a research report on Tuesday, August 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $571.67.

About Monolithic Power Systems

(Get Rating)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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