Monolithic Power Systems (MPWR) Scheduled to Post Quarterly Earnings on Wednesday

Monolithic Power Systems (NASDAQ:MPWR) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.66 per share for the quarter. Monolithic Power Systems has set its Q1 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The business had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. On average, analysts expect Monolithic Power Systems to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Monolithic Power Systems Stock Up 0.4 %

MPWR stock opened at $679.70 on Tuesday. The company has a fifty day simple moving average of $681.78 and a two-hundred day simple moving average of $611.46. Monolithic Power Systems has a 52 week low of $383.19 and a 52 week high of $778.15. The firm has a market capitalization of $33.07 billion, a P/E ratio of 77.59, a price-to-earnings-growth ratio of 3.62 and a beta of 1.24.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.25 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.08%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $602.01, for a total value of $4,816,080.00. Following the transaction, the chief executive officer now directly owns 921,774 shares in the company, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. Insiders have sold 45,077 shares of company stock valued at $30,357,479 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MPWR shares. Oppenheimer upped their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Stifel Nicolaus increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, KeyCorp upped their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $670.30.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.