It is trading at $114.70 a tad higher than $107.26, the 50 day moving average and significantly higher than the 200 day moving average of $100.14. The 50 day moving average was up by +6.93% and the 200 day average was up $14.56. Monolithic Power Systems, Inc. shares had a trading volume of 163K on Tuesday. Volume was down 19.05% under the stocks average daily volume.
Investors are a little more bearish on shares of the company recently if you put credence in the rise in short interest. The company had 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. Days to cover increased from 4.0 to 7.0 and the percentage of shorted shares was 0.04% on September 29.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been the object of insider selling activity recently. Director James C. Moyer disclosed the sale of 15,000 shares. The shares were sold on October 9th for an average price of $108.40. The Director now owns $80,782,390 of the stock according to the SEC filing. Sr VP Maurice Sciammas sold 1,693 shares at an average price of $104.09 on Mon the 18th. The Sr VP now owns $38,273,373 of the stock as recorded in a recent Form 4 SEC filing.
Theodore Blegen, CFO disclosed the sale of 459 shares of MPWR stock. The shares were purchased at an average price of $101.42. Blegen now owns $4,203,352 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in MPWR. As of the end of the quarter First National Bank Of Hutchinson had sold 15 shares trimming its holdings by 0.3%. The value of the total investment in Monolithic Power Systems, Inc. went from $498,000 to $513,000 a change of 3.0% since the last quarter. State Treasurer State Of Michigan divested its ownership by selling 1,300 shares a decrease of 8.3% from 06/30/2017 to 09/30/2017. State Treasurer State Of Michigan controls 14,300 shares valued at $1,524,000. The value of the position overall is up by 1.3%.
As of quarter end Sit Investment Associates Inc had disposed of a total of 450 shares trimming its position 2.0%. The value of the investment in Monolithic Power Systems, Inc. increased from $2,135,000 to $2,312,000 a change of $177,000 for the reporting period. Summit Creek Advisors LLC downsized its investment by shedding 850 shares a decrease of 0.8%. Summit Creek Advisors LLC currently owns 110,864 shares with a value of $11,813,000. The total value of its holdings increased 9.7%.
Equity analyst SunTrust Robinson Humphrey added the stock to its research portfolio with an initial rating of “Buy”.
The company is trading up from yesterday’s close of 113.98. The company also announced a dividend for shareholders which was paid on Friday the 13th of October 2017. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. The dividend yield was $0.70. The ex-dividend date was set for Thursday the 28th of September 2017.
The most current P/E ratio is 80.89 and market capitalization is 4.75B. As of the last earnings report the EPS was $1.42 and is projected to be $2.87 for the current year with 41,384,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.79 and the next full year EPS is anticipated to be $3.59.
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..