Brokerages expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to report $125.21 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Monolithic Power Systems’ earnings, with estimates ranging from $125.00 million to $125.70 million. Monolithic Power Systems posted sales of $100.36 million during the same quarter last year, which would indicate a positive year over year growth rate of 24.8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Monolithic Power Systems will report full-year sales of $125.21 million for the current fiscal year, with estimates ranging from $557.00 million to $567.40 million. For the next year, analysts expect that the firm will post sales of $655.52 million per share, with estimates ranging from $635.00 million to $677.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The business had revenue of $129.43 million for the quarter, compared to the consensus estimate of $126.19 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 24.9% compared to the same quarter last year.
A number of brokerages have commented on MPWR. BidaskClub downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus boosted their target price on Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $129.25.
In other Monolithic Power Systems news, insider Deming Xiao sold 4,382 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $113.85, for a total value of $498,890.70. Following the completion of the sale, the insider now owns 270,479 shares of the company’s stock, valued at $30,794,034.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Hsing sold 96,181 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $108.19, for a total value of $10,405,822.39. Following the completion of the sale, the chief executive officer now directly owns 1,318,001 shares of the company’s stock, valued at approximately $142,594,528.19. The disclosure for this sale can be found here. Insiders sold 305,585 shares of company stock valued at $34,247,093 in the last ninety days. Insiders own 4.00% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Simplex Trading LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $102,000. Captrust Financial Advisors acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $106,000. State of Alaska Department of Revenue acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $120,000. Cerebellum GP LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $127,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $201,000. 90.83% of the stock is owned by institutional investors.
Monolithic Power Systems (NASDAQ:MPWR) opened at $118.05 on Friday. Monolithic Power Systems has a 52 week low of $87.00 and a 52 week high of $126.80. The company has a market capitalization of $4,940.00, a PE ratio of 78.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a $0.30 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.02%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s payout ratio is currently 53.33%.
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About Monolithic Power Systems
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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