The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) hit a new 52-week high and has $106.05 target or 38.00% above today’s $76.85 share price. The 9 months bullish chart indicates low risk for the $3.15B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $106.05 price target is reached, the company will be worth $1.20B 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 420,413 shares traded hands or 41.35% up from the average. Monolithic Power Systems, Inc. (NASDAQ:MPWR) has risen 26.00% since March 30, 2016 and is uptrending. It has outperformed by 22.98% the S&P500.
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 15 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus on Friday, November 13 with “Buy”. William Blair maintained the stock with “Buy” rating in Monday, September 21 report. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, November 1. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, May 3. The rating was initiated by Piper Jaffray on Friday, September 11 with “Overweight”. Oppenheimer maintained Monolithic Power Systems, Inc. (NASDAQ:MPWR) on Tuesday, October 27 with “Outperform” rating. Stifel Nicolaus maintained Monolithic Power Systems, Inc. (NASDAQ:MPWR) on Thursday, July 14 with “Buy” rating. The stock has “Outperform” rating given by William Blair on Monday, August 31. On Monday, September 14 the stock rating was initiated by Needham with “Buy”. The stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) earned “Buy” rating by Stifel Nicolaus on Tuesday, October 27.
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 2016 Q2. Its up 0.60, from 0.99 in 2016Q1. The ratio increased, 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.
The Ohio-based Keybank National Association Oh has invested 0% in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Deutsche State Bank Ag has 0% invested in the company for 59,765 shares. California Pub Employees Retirement System has 0.02% invested in the company for 144,200 shares. Strs Ohio last reported 0% of its portfolio in the stock. Loomis Sayles & L P holds 368,051 shares or 0.07% of its portfolio. Wellington Mngmt Grp Llp reported 419,482 shares or 0.01% of all its holdings. Bancorp Of Montreal Can has 8,701 shares for 0% of their US portfolio. Teachers Retirement Of The State Of Kentucky, a Kentucky-based fund reported 13,891 shares. Alliancebernstein Ltd Partnership last reported 526,514 shares in the company. Oberweis Asset Mgmt Incorporated has 7,300 shares for 0.15% of their US portfolio. Blackrock Grp holds 0% or 86,147 shares in its portfolio. Nicholas Investment Prns Limited Partnership has 0.38% invested in the company for 80,000 shares. State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Rs Inv Mngmt Commerce Limited Co has 1.94 million shares for 1.36% of their US portfolio. Mutual Of America Capital Limited Liability Co accumulated 0.1% or 67,071 shares.
Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 26 insider sales for $9.96 million net activity. Hsing Michael sold $1.25 million worth of stock. 26,101 shares were sold by Sciammas Maurice, worth $1.63M. Xiao Deming sold 7,113 shares worth $440,243. Blegen Theodore also sold $3,748 worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares. 6,318 shares were sold by Tseng Saria, worth $391,111 on Wednesday, May 4. Moyer James C had sold 2,000 shares worth $159,084. Lee Victor K also sold $636,543 worth of Monolithic Power Systems, Inc. (NASDAQ:MPWR) shares.
More important recent Monolithic Power Systems, Inc. (NASDAQ:MPWR) news were published by: Fool.com which released: “After Earnings Is Monolithic Power Systems Inc. a Buy?” on February 18, 2016, also Prnewswire.com published article titled: “Monolithic Power Systems Announces Chief Financial Officer Transition”, 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: Prnewswire.com and their article: “Mettler-Toledo International Set to Join the S&P 500; Monolithic Power Systems …” with publication date: August 25, 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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