Brokerages predict that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will report sales of $158.59 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Monolithic Power Systems’ earnings, with estimates ranging from $158.40 million to $159.00 million. Monolithic Power Systems reported sales of $128.94 million in the same quarter last year, which indicates a positive year-over-year growth rate of 23%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, October 25th.
On average, analysts expect that Monolithic Power Systems will report full year sales of $581.44 million for the current year, with estimates ranging from $577.12 million to $582.70 million. For the next year, analysts forecast that the firm will post sales of $681.75 million, with estimates ranging from $648.32 million to $703.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.90. The business had revenue of $139.76 million for the quarter, compared to the consensus estimate of $139.45 million. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share.
MPWR has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Monolithic Power Systems from $147.00 to $155.00 and gave the stock a “$141.80” rating in a research report on Thursday, July 19th. Needham & Company LLC increased their price target on Monolithic Power Systems from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. Finally, Raymond James downgraded Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 price target on the stock. in a research report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $155.38.
In other Monolithic Power Systems news, CEO Michael Hsing sold 15,572 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $135.65, for a total transaction of $2,112,341.80. Following the completion of the sale, the chief executive officer now directly owns 1,138,632 shares in the company, valued at $154,455,430.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction on Monday, October 8th. The shares were sold at an average price of $116.55, for a total value of $1,748,250.00. Following the completion of the transaction, the director now owns 611,815 shares of the company’s stock, valued at $71,307,038.25. The disclosure for this sale can be found here. Insiders have sold 174,129 shares of company stock valued at $24,183,574 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in MPWR. Robecosam AG lifted its stake in shares of Monolithic Power Systems by 460.0% in the 1st quarter. Robecosam AG now owns 560,000 shares of the semiconductor company’s stock valued at $64,831,000 after acquiring an additional 460,000 shares during the last quarter. Millennium Management LLC bought a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $39,941,000. Ardevora Asset Management LLP lifted its stake in shares of Monolithic Power Systems by 142,011.2% in the 2nd quarter. Ardevora Asset Management LLP now owns 252,958 shares of the semiconductor company’s stock valued at $33,813,000 after acquiring an additional 252,780 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Monolithic Power Systems by 1,062.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 226,626 shares of the semiconductor company’s stock valued at $3,806,000 after acquiring an additional 207,129 shares during the last quarter. Finally, Redwood Investments LLC bought a new position in shares of Monolithic Power Systems in the 1st quarter valued at $18,092,000. Institutional investors own 93.63% of the company’s stock.
NASDAQ:MPWR traded up $3.07 during trading hours on Friday, reaching $113.96. 625,616 shares of the company were exchanged, compared to its average volume of 364,601. The company has a market capitalization of $5.31 billion, a P/E ratio of 61.60, a P/E/G ratio of 2.05 and a beta of 1.53. Monolithic Power Systems has a 1-year low of $103.14 and a 1-year high of $152.21.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, September 27th. Monolithic Power Systems’s payout ratio is presently 64.86%.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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