Deutsche Bank Maintains Rating And Raises Price Target On Monolithic Power Systems, Inc. (MPWR)

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

SunTrust Robinson Humphrey released its first research report on the stock giving it an initial rating of “Buy”.

The company is up since yesterday’s close of 114.7. Monolithic Power Systems, Inc. also recently announced a dividend for shareholders paid on Friday the 13th of October 2017. The dividend payment was $0.200 per share for the quarter or $0.80 on an annualized basis. This dividend represents a yield of $0.70 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 28th of September 2017.

Shares of the company are trading at $115.50 which is just over the 50 day moving average of $107.26 and which is quite a bit higher than the 200 day moving average of $100.14. The 50 day moving average went up by +7.68% and the 200 day average went up by +15.34%.

Monolithic Power Systems, Inc., launched on February 26, 2004, designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment. The Business’s product families include Direct Current (DC) to DC Products, and Lighting Control Products..

The most current P/E ratio is 81.45 and the market cap of the company is 4.78B. As of the latest earnings report the EPS was $1.42 and is expected to be $2.87 for the current year with 41,384,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.79 with next year’s EPS anticipated to be $3.59.

Traders are feeling more bearish of late as indicated by the increase in short interest. The stock saw a rise in short interest from September 15, 2017 to September 29, 2017 of 9.60%. Short interest grew from 1,359,236 to 1,489,761 over that timeframe. With short interest at 1,489,761 and short average daily volume at 226,415, the short-interest ratio is 7.0 and the short interest percentage is 0.04% as of September 29.

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