Monolithic Power Systems, Inc. (NASDAQ:MPWR) released its quarterly earnings data on Thursday. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02, Bloomberg Earnings reports. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year.
Shares of Monolithic Power Systems (MPWR) traded up 5.26% on Friday, hitting $120.89. 464,691 shares of the stock traded hands. The stock has a market cap of $5.00 billion, a P/E ratio of 85.25 and a beta of 1.26. The stock’s 50 day moving average price is $107.77 and its 200 day moving average price is $100.40. Monolithic Power Systems has a 52-week low of $75.04 and a 52-week high of $121.14.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.66%. Monolithic Power Systems’s dividend payout ratio is presently 56.74%.
Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp reiterated a “buy” rating and set a $125.00 price target on shares of Monolithic Power Systems in a research report on Friday. Oppenheimer Holdings, Inc. boosted their price target on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday. Deutsche Bank AG boosted their price target on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, SunTrust Banks, Inc. started coverage on shares of Monolithic Power Systems in a research report on Tuesday, October 10th. They set a “buy” rating and a $132.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $122.88.
In related news, CEO Michael Hsing sold 19,766 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $101.96, for a total value of $2,015,341.36. Following the completion of the sale, the chief executive officer now directly owns 1,174,800 shares in the company, valued at approximately $119,782,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 462 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $102.60, for a total transaction of $47,401.20. Following the completion of the sale, the chief financial officer now owns 42,353 shares of the company’s stock, valued at $4,345,417.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,991 shares of company stock worth $10,534,091. Insiders own 4.00% of the company’s stock.
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Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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