Monolithic Power Systems, Inc. (NASDAQ:MPWR) Short Interest Down 17.1% in November

Monolithic Power Systems, Inc. (NASDAQ:MPWR) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 2,090,000 shares, a decline of 17.1% from the November 15th total of 2,520,000 shares. Based on an average daily volume of 839,900 shares, the short-interest ratio is presently 2.5 days.

Monolithic Power Systems Price Performance

MPWR opened at $608.44 on Monday. The company has a market capitalization of $29.68 billion, a PE ratio of 68.60, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05. Monolithic Power Systems has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The business has a 50-day moving average of $730.56 and a 200-day moving average of $807.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, equities research analysts expect that Monolithic Power Systems will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.82%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares in the company, valued at $53,754,928.08. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock valued at $17,153,021 in the last quarter. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Several institutional investors have recently bought and sold shares of the stock. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter worth approximately $25,000. NBC Securities Inc. raised its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in Monolithic Power Systems during the second quarter worth about $36,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent analyst reports. Needham & Company LLC reduced their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Truist Financial reissued a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $828.67.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.