In last trading session, Monolithic Power System Inc (NASDAQ:MPWR) saw 0.6 million shares changing hands with its beta currently measuring 1.06. Company’s recent per share price level of $567.38 trading at $7.14 or 1.27% at ring of the bell on the day assigns it a market valuation of $27.68B. That closing price of MPWR’s stock is at a discount of -69.14% from its 52-week high price of $959.64 and is indicating a premium of 5.18% from its 52-week low price of $538.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.34 million shares which gives us an average trading volume of 819.94K if we extend that period to 3-months.
For Monolithic Power System Inc (MPWR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.94. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 3.98 in the current quarter.
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Monolithic Power System Inc (NASDAQ:MPWR) trade information
Upright in the green during last session for gaining 1.27%, in the last five days MPWR remained trading in the red while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $567.38 price level, adding 7.11% to its value on the day. Monolithic Power System Inc’s shares saw a change of -10.05% in year-to-date performance and have moved -0.89% in past 5-day. Monolithic Power System Inc (NASDAQ:MPWR) showed a performance of -38.32% in past 30-days. Number of shares sold short was 2.52 million shares which calculate 2.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 600 to the stock, which implies a rise of 5.44% to its current value. Analysts have been projecting 435 as a low price target for the stock while placing it at a high target of 1075. It follows that stock’s current price would jump 23.33% in reaching the projected high whereas dropping to the targeted low would mean a gain of 23.33% for stock’s current value.
Monolithic Power System Inc (MPWR) estimates and forecasts
Statistics highlight that Monolithic Power System Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -22.87% of value to its shares in past 6 months, showing an annual growth rate of 19.27% while that of industry is -4.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 20.45% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 607.98M for the same. And 14 analysts are in estimates of company making revenue of 587.54M in the next quarter. Company posted 454.01M and 457.88M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 30.00% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 18.92% while estimates for its earnings growth in next 5 years are of 20.89%.
MPWR Dividends
Monolithic Power System Inc is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.84%, the share has a forward dividend of 4.75 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.65%.
Monolithic Power System Inc (NASDAQ:MPWR)’s Major holders
Insiders are in possession of 3.37% of company’s total shares while institution are holding 97.34 percent of that, with stock having share float percentage of 100.73%. Investors also watch the number of corporate investors in a company very closely, which is 97.34% institutions for Monolithic Power System Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at MPWR for having 5.91 million shares of worth $4.85 billion. And as of 2024-06-30, it was holding 12.1463 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 5.7 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.7099 of outstanding shares, having a total worth of $4.68 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.46 shares of worth $829.83 million or 3.00% of the total outstanding shares. The later fund manager was in possession of 1.28 shares on Sep 30, 2024 , making its stake of worth around $724.74 million in the company or a holder of 2.62% of company’s stock.
