Monolithic Power Systems, Inc. (MPWR) Expected to Post Earnings of $0.77 Per Share

Analysts expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will report earnings of $0.77 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Monolithic Power Systems’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.78. Monolithic Power Systems reported earnings per share of $0.58 in the same quarter last year, which indicates a positive year over year growth rate of 32.8%. The company is expected to announce its next earnings report after the market closes on Monday, April 30th.

According to Zacks, analysts expect that Monolithic Power Systems will report full-year earnings of $3.70 per share for the current year, with EPS estimates ranging from $3.65 to $3.75. For the next fiscal year, analysts forecast that the firm will report earnings of $4.52 per share, with EPS estimates ranging from $4.38 to $4.61. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Monolithic Power Systems.

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Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The firm had revenue of $129.43 million for the quarter, compared to the consensus estimate of $126.19 million. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The business’s revenue was up 24.9% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share.

Several research analysts recently commented on the stock. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 14th. Raymond James assumed coverage on shares of Monolithic Power Systems in a research note on Thursday, April 12th. They issued a “strong-buy” rating and a $140.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $130.44.

In other news, CEO Michael Hsing sold 17,354 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $113.85, for a total transaction of $1,975,752.90. Following the sale, the chief executive officer now owns 1,088,915 shares in the company, valued at approximately $123,972,972.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Maurice Sciammas sold 1,400 shares of the business’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $125.02, for a total transaction of $175,028.00. Following the sale, the vice president now owns 419,782 shares in the company, valued at approximately $52,481,145.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,141 shares of company stock worth $40,038,008. Insiders own 4.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in MPWR. Legal & General Group Plc boosted its holdings in shares of Monolithic Power Systems by 9.2% during the 3rd quarter. Legal & General Group Plc now owns 34,112 shares of the semiconductor company’s stock valued at $3,635,000 after buying an additional 2,863 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $514,000. Envestnet Asset Management Inc. boosted its holdings in shares of Monolithic Power Systems by 9.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,143 shares of the semiconductor company’s stock valued at $1,294,000 after buying an additional 1,008 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Monolithic Power Systems by 4.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 80,864 shares of the semiconductor company’s stock valued at $8,616,000 after buying an additional 3,169 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Monolithic Power Systems by 12.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,180 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Shares of MPWR stock traded down $0.69 during trading hours on Friday, hitting $119.55. 159,929 shares of the company’s stock were exchanged, compared to its average volume of 309,944. The company has a market capitalization of $5,215.13, a PE ratio of 65.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.28. Monolithic Power Systems has a 12-month low of $89.67 and a 12-month high of $127.61.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were given a dividend of $0.30 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Wednesday, March 28th. Monolithic Power Systems’s payout ratio is presently 64.86%.

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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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