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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) saw a large decline in short interest in 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 trading volume, of 839,900 shares, the short-interest ratio is presently 2.5 days.

Monolithic Power Systems Trading Up 0.5 %

Shares of NASDAQ:MPWR opened at $608.44 on Monday. The firm’s 50 day moving average is $730.56 and its two-hundred day moving average is $807.64. The firm has a market capitalization of $29.68 billion, a P/E ratio of 68.60, a PEG ratio of 2.97 and a beta of 1.05. Monolithic Power Systems has a 52 week low of $546.71 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Analysts predict that Monolithic Power Systems will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given 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 Activity

In related news, CFO Theodore Blegen sold 734 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,100 shares of company stock valued at $17,153,021 in the last ninety days. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Large investors have recently bought and sold shares of the stock. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the second quarter valued at approximately $25,000. NBC Securities Inc. boosted 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 in the last quarter. Wolff Wiese Magana LLC increased its position in shares of 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 period. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter valued at $36,000. Finally, Crewe Advisors LLC raised its stake in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MPWR. Needham & Company LLC cut their price target on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. KeyCorp cut their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. TD Cowen decreased their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $828.67.

About Monolithic Power Systems

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.