Monolithic Power Systems, Inc. (NASDAQ:MPWR) Short Interest Up 65.1% in December

Monolithic Power Systems, Inc. (NASDAQ:MPWR) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 2,855,358 shares, an increase of 65.1% from the December 15th total of 1,729,984 shares. Based on an average daily trading volume, of 917,722 shares, the days-to-cover ratio is currently 3.1 days. Currently, 6.2% of the shares of the stock are sold short. Currently, 6.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 917,722 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MPWR shares. TD Cowen raised their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Truist Financial boosted their target price on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Wells Fargo & Company upped their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Finally, Citigroup lifted their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,074.58.

Monolithic Power Systems Trading Up 2.3%

MPWR stock traded up $23.63 during midday trading on Friday, hitting $1,033.17. The company had a trading volume of 547,737 shares, compared to its average volume of 666,184. The stock has a market cap of $49.50 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.93 and a beta of 1.45. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $1,123.38. The stock’s 50 day moving average price is $942.52 and its 200 day moving average price is $894.16.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The company had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.06 EPS. Analysts predict that Monolithic Power Systems will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $1.56 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 15.93%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the sale, the executive vice president owned 148,306 shares of the company’s stock, valued at $130,755,467.96. This trade represents a 15.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $908.21, for a total value of $2,724,630.00. Following the sale, the chief financial officer owned 71,332 shares of the company’s stock, valued at approximately $64,784,435.72. This trade represents a 4.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 71,276 shares of company stock valued at $64,784,323 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC increased its stake in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the period. Fortress Financial Solutions LLC boosted its holdings in Monolithic Power Systems by 1.7% in the second quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock valued at $518,000 after acquiring an additional 12 shares in the last quarter. Cromwell Holdings LLC increased its position in Monolithic Power Systems by 9.2% during the 3rd quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 12 shares during the period. Sagespring Wealth Partners LLC increased its position in Monolithic Power Systems by 2.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock valued at $471,000 after purchasing an additional 12 shares during the period. Finally, UMB Bank n.a. raised its holdings in Monolithic Power Systems by 2.5% in the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock worth $453,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.