Monolithic Power Systems (NASDAQ:MPWR) Issues Quarterly Earnings Results


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Monolithic Power Systems (NASDAQ:MPWR) posted its quarterly earnings results on Tuesday. The semiconductor company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.12, MarketWatch Earnings reports. The business had revenue of $254.50 million during the quarter, compared to the consensus estimate of $242.43 million. Monolithic Power Systems had a net margin of 19.78% and a return on equity of 17.95%. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Monolithic Power Systems updated its Q2 2021 guidance to – EPS.

Shares of NASDAQ MPWR traded down $16.16 during midday trading on Tuesday, hitting $334.12. 493,321 shares of the company traded hands, compared to its average volume of 539,213. Monolithic Power Systems has a 12-month low of $189.44 and a 12-month high of $406.75. The stock has a 50-day moving average price of $363.29 and a 200 day moving average price of $351.64. The firm has a market cap of $15.24 billion, a P/E ratio of 101.56, a P/E/G ratio of 4.04 and a beta of 0.93.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $2.40 annualized dividend and a dividend yield of 0.72%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.50. Monolithic Power Systems’s payout ratio is currently 94.86%.

In other Monolithic Power Systems news, insider Deming Xiao sold 13,359 shares of the company’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $366.34, for a total value of $4,893,936.06. Following the sale, the insider now owns 341,939 shares in the company, valued at $125,265,933.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $374.23, for a total transaction of $5,613,450.00. Following the completion of the sale, the director now owns 248,537 shares in the company, valued at approximately $93,010,001.51. The disclosure for this sale can be found here. Insiders have sold 245,746 shares of company stock worth $89,124,457 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Several analysts have weighed in on the stock. Loop Capital boosted their price target on shares of Monolithic Power Systems from $350.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $415.00 price objective on shares of Monolithic Power Systems in a research note on Tuesday, March 23rd. Truist upped their price objective on shares of Monolithic Power Systems from $346.00 to $445.00 in a research note on Friday, January 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $335.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 5th. Finally, Summit Insights raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, February 5th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $384.40.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications 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 and notebooks, monitors, infotainment applications, and medical equipment.

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Earnings History for Monolithic Power Systems (NASDAQ:MPWR)

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