Monolithic Power Systems Inc. (NASDAQ: MPWR) Stock Is A Good Option To Consider

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Monolithic Power Systems Inc. (NASDAQ:MPWR) shares, rose in value on Friday, 09/16/22, with the stock price down by -0.22% to the previous day’s close as strong demand from buyers drove the stock to $417.96.

Actively observing the price movement in the last trading, the stock closed the session at $418.88, falling within a range of $407.09 and $419.39. The value of beta (5-year monthly) was 1.06 whereas the PE ratio was 59.98 over 12-month period. Referring to stock’s 52-week performance, its high was $580.00, and the low was $348.02. On the whole, MPWR has fluctuated by -19.70% over the past month.

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With the market capitalization of Monolithic Power Systems Inc. currently standing at about $19.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2022 – May 06, 2022. The company’s Forward Dividend Ratio is 3.00, with its dividend yield at 0.72%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.94, which is expected to increase to $3.35 for fiscal year $11.53 and then to about $13.5 by fiscal year 2023. Data indicates that the EPS growth is expected to be 54.80% in 2023, while the next year’s EPS growth is forecast to be 17.10%.

Analysts have estimated the company’s revenue for the quarter at $430.64 million, with a low estimate of $429.52 million and a high estimate of $435 million. According to the average forecast, sales growth in current quarter could jump up 46.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $1.72 billion, representing an increase of 42.70% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MPWR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 2.40, with the price of MPWR currently trading nearly -9.08% and -9.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.28, while the 7-day volatility ratio is showing 3.12% which for the 30-day chart, stands at 3.69%. Furthermore, Monolithic Power Systems Inc. (MPWR)’s beta value is 1.10, and its average true range (ATR) is 18.18.

A comparison of Monolithic Power Systems Inc. (MPWR) with its peers suggests the former has fared considerably weaker in the market. MPWR showed an intraday change of -0.22% in last session, and over the past year, it shrunk by -16.21%%. In comparison, Texas Instruments Incorporated (TXN) has moved higher at 1.59% on the day and was down -16.03% over the past 12 months. On the other hand, the price of Analog Devices Inc. (ADI) has risen 0.97% on the day. The stock, however, is off -13.80% from where it was a year ago. The PE ratio stands at 59.98 for Monolithic Power Systems Inc., compared to 18.07 for Texas Instruments Incorporated, and 41.35 for Analog Devices Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.72%. Meanwhile, the Dow Jones Industrial Slipped by -0.45%.

Data on historical trading for Monolithic Power Systems Inc. (NASDAQ:MPWR) indicates that the trading volumes over the past 10 days have averaged 0.52 million and over the past 3 months, they’ve averaged 502.85K. According to company’s latest data on outstanding shares, there are 46.67 million shares outstanding.

Nearly 4.10% of Monolithic Power Systems Inc.’s shares belong to company insiders and institutional investors own 95.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.86 million shares as on Jul 14, 2022, resulting in a short ratio of 1.88. According to the data, the short interest in Monolithic Power Systems Inc. (MPWR) stood at 1.85% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.87 million. The stock has fallen by -15.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MPWR stock heading into the next quarter.