Short Interest in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Increases By 21.3%

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,450,000 shares, a growth of 21.3% from the April 30th total of 2,020,000 shares. Currently, 5.2% of the company's shares are short sold. Based on an average daily volume of 965,400 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MPWR. Raymond James restated an "outperform" rating and set a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. KeyCorp cut their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $786.92.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the transaction, the director now owns 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Monolithic Power Systems

Several large investors have recently bought and sold shares of MPWR. Tradewinds Capital Management LLC lifted its stake in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $27,000. WPG Advisers LLC purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $29,000. Finally, SouthState Corp purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at $33,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Down 2.0%

NASDAQ:MPWR traded down $13.69 during trading hours on Thursday, hitting $681.06. 568,792 shares of the company traded hands, compared to its average volume of 795,886. The firm's 50-day simple moving average is $604.96 and its 200-day simple moving average is $613.89. Monolithic Power Systems has a one year low of $438.86 and a one year high of $959.64. The company has a market cap of $32.61 billion, a PE ratio of 18.52, a PEG ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. During the same period last year, the business earned $2.81 EPS. The business's revenue was up 39.2% on a year-over-year basis. As a group, equities research analysts expect that Monolithic Power Systems will post 13.2 EPS for the current year.

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.