At $120.68 Monolithic Power Systems, Inc. (MPWR) Forms Double Top Chart Pattern

April 16, 2018 - By Maria Fierro

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

During Q4 2017 the big money sentiment decreased to 0.98. That’s change of 0.59, from 2017Q3’s 1.57. 15 investors sold all, 113 reduced holdings as Monolithic Power Systems, Inc. ratio is negative. 83 rose stakes while 43 funds acquired stakes. Funds hold 37.10 million shares thus 2.27% less from 2017Q3’s 37.96 million shares.
Assetmark Incorporated has invested 0% in Monolithic Power Systems, Inc. (NASDAQ:MPWR). United Automobile Association owns 15,300 shs. Robecosam Ag invested 0.75% in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Clinton Group Inc stated it has 8,263 shs or 0.08% of all its holdings. Ls Inv Advsrs Ltd invested 0.02% of its capital in Monolithic Power Systems, Inc. (NASDAQ:MPWR). 239,783 are held by Dimensional Fund Advisors Lp. 162,014 are owned by Principal Grp. Rafferty Asset Mgmt Ltd has invested 0.07% in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Neuberger Berman Grp Limited Liability Corp reported 286,461 shs. Great West Life Assurance Com Can owns 21,692 shs. 12,223 are owned by Millrace Asset Gp. Creative Planning holds 0.07% or 140,859 shs. Amer Century Cos has invested 0.01% in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Emerald Advisers Pa holds 0.51% or 117,156 shs in its capital. Whale Rock Cap Ltd Liability Corp owns 247,392 shs.

Monolithic Power Systems, Inc. had 24 selling transactions and 0 insider purchases since October 30, 2017. This’s net activity of $48.09 million. On Monday, April 9 the insider Moyer James C sold $1.70 million. On Monday, February 5 4,382 shs were sold by Xiao Deming, worth $498,909. 29,497 shs were sold by Tseng Saria, worth $3.19M. On Monday, December 18 Sciammas Maurice had sold 1,693 shs worth $194,119. Blegen Theodore sold $55,754 worth of stock.

With $131.54 PT Monolithic Power Systems, Inc. (MPWR) shows a double top. That’s 9.00 % above today’s $120.68 price per share. $5.08B MC has the stock. This chart setup was posted on Apr, 16 by Finviz.com. At $131.54 PT, the company’s valuation could be $457.56 million more.

The stock decreased 0.13% or $0.155 during the last trading session, reaching $120.675.Currently Monolithic Power Systems, Inc. is uptrending after 27.07% change in last April 16, 2017. MPWR has also 17,526 shares volume. MPWR outperformed the S&P500 by 15.52%.

Analysts await Monolithic Power Systems, Inc. (NASDAQ:MPWR) to report earnings on April, 25. They expect $0.50 earnings per share, up 47.06 % or $0.16 from last year’s $0.34 per share. MPWR’s profit will be $21.06 million for 60.34 P/E if the $0.50 EPS becomes a reality. After $0.58 actual earnings per share reported by Monolithic Power Systems, Inc. for the previous quarter, Wall Street now forecasts -13.79 % negative EPS growth.

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

Total analysts of 7 have positions in Monolithic Power Systems (NASDAQ:MPWR) as follows: 7 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $140.0 highest while $120 is the lowest [Target]. The average target $132.43 is 9.74% above the last ($120.675) price. Since October 24, 2017 according to StockzIntelligence Inc Monolithic Power Systems has 10 analyst reports. In Thursday, October 26 report KeyBanc Capital Markets maintained the stock with “Buy” rating. On Friday, October 27 Needham maintained Monolithic Power Systems, Inc. (NASDAQ:MPWR) with “Buy” rating. In Friday, October 27 report SunTrust maintained it with “Buy” rating and $135.0 target. On Friday, February 9 the stock of Monolithic Power Systems, Inc. (NASDAQ:MPWR) earned “Buy” rating by Needham. On Tuesday, November 7 the rating was maintained by Stifel Nicolaus with “Buy”. The company rating was maintained by Needham on Wednesday, February 21. The company rating was maintained by Oppenheimer on Friday, October 27. The company rating was maintained by Stifel Nicolaus on Friday, October 27. On Tuesday, October 24 Deutsche Bank maintained the shares of MPWR in report with “Buy” rating.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Institutional Investors Chart

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