On May 26, 2023, Monolithic Power Systems (NASDAQ: MPWR) saw a surge in options activity that caught the attention of market analysts. Benzinga’s options scanner detected 11 trades, revealing that big-money traders are divided with an 81% bullish and 18% bearish sentiment. The options trades uncovered 10 calls and 1 put, with a mean open interest of 35.0 and a total volume of 637.00. These trades suggest that whales have been targeting a price range of $200.0 to $680.0 for Monolithic Power Systems over the last 3 months. Notable options include MPWR CALL SWEEP BULLISH 09/15/23 $680.00 $198.7K 13 240 and MPWR CALL SWEEP BULLISH 06/16/23 $520.00 $125.9. The recent surge in options activity may indicate that someone has insider knowledge about the stock, but it remains unclear whether this is an institution or an individual.
MPWR Stock Sees Slight Increase on May 26, 2023, Despite Negative Earnings Growth
On May 26, 2023, MPWR stock opened at $497.02, a 1.88% increase from the previous day’s close of $487.88. The day’s range was between $491.88 and $529.53, with a volume of 67,842 shares traded. The market cap for MPWR was $20.5B.
MPWR is a company in the electronic technology sector, specifically in semiconductors. The company’s revenue growth for the last year was 48.55%, while its earnings growth for the same period was 77.45%. However, the earnings growth for this year was -4.05%. MPWR’s next reporting date is August 1, 2023, with an EPS forecast of $2.80.
In conclusion, MPWR’s stock saw a slight increase on May 26, 2023, with a range of $491.88 to $529.53. The company’s earnings growth for this year was negative, but its projected earnings growth for the next five years is positive. The P/E ratio suggests that MPWR’s stock is overvalued, but investors may still be willing to pay a premium for the company’s growth potential.
Monolithic Power Systems Inc (MPWR) Stock Price Predictions and Analysis for May 26, 2023
On May 26, 2023, Monolithic Power Systems Inc (MPWR) had a median target price of $505.00, according to data from CNN Money. This target price was based on the predictions of 10 analysts who offered 12-month price forecasts for the company. The high estimate was $540.00, while the low estimate was $475.00. The median estimate represented a -3.90% decrease from the last price of MPWR’s stock, which was $525.51. Despite this bearish outlook, the consensus among 13 polled investment analysts was to buy stock in MPWR. Looking at the company’s current quarter earnings, MPWR had an earnings per share of $2.80 and sales of $440.5 million. The upcoming earnings report would provide more information about the company’s financial health, which could influence the stock’s performance in the future.
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