Wall Street analysts expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to report $139.33 million in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for Monolithic Power Systems’ earnings, with the lowest sales estimate coming in at $137.50 million and the highest estimate coming in at $140.00 million. Monolithic Power Systems posted sales of $112.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.2%. The business is scheduled to report its next quarterly earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Monolithic Power Systems will report full year sales of $572.44 million for the current fiscal year, with estimates ranging from $567.70 million to $579.00 million. For the next financial year, analysts anticipate that the business will report sales of $665.36 million per share, with estimates ranging from $635.00 million to $695.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $129.20 million during the quarter, compared to analyst estimates of $125.18 million. Monolithic Power Systems had a net margin of 14.52% and a return on equity of 17.04%. The business’s revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS.
MPWR has been the subject of several analyst reports. Raymond James assumed coverage on shares of Monolithic Power Systems in a report on Thursday, April 12th. They issued a “strong-buy” rating and a $140.00 target price for the company. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, March 23rd. Zacks Investment Research lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 1st. Finally, Cowen assumed coverage on shares of Monolithic Power Systems in a report on Thursday, May 17th. They set an “outperform” rating and a $150.00 price objective for the company. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $145.22.
Monolithic Power Systems opened at $138.54 on Monday, MarketBeat Ratings reports. The stock has a market capitalization of $5.84 billion, a PE ratio of 69.62, a PEG ratio of 3.13 and a beta of 1.32. Monolithic Power Systems has a 12-month low of $94.24 and a 12-month high of $142.56.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems’s payout ratio is 64.86%.
In other Monolithic Power Systems news, CFO Theodore Blegen sold 232 shares of the firm’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $120.55, for a total transaction of $27,967.60. Following the transaction, the chief financial officer now owns 56,436 shares of the company’s stock, valued at approximately $6,803,359.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Maurice Sciammas sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $125.02, for a total transaction of $175,028.00. Following the transaction, the vice president now directly owns 419,782 shares in the company, valued at approximately $52,481,145.64. The disclosure for this sale can be found here. Insiders have sold a total of 141,576 shares of company stock valued at $17,383,789 in the last quarter. 4.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $580,000. Millennium Management LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $5,936,000. BlackRock Inc. increased its position in Monolithic Power Systems by 10.8% during the 1st quarter. BlackRock Inc. now owns 4,657,674 shares of the semiconductor company’s stock valued at $539,220,000 after purchasing an additional 452,686 shares during the period. Thrivent Financial For Lutherans increased its position in Monolithic Power Systems by 14.4% during the 4th quarter. Thrivent Financial For Lutherans now owns 212,269 shares of the semiconductor company’s stock valued at $23,851,000 after purchasing an additional 26,800 shares during the period. Finally, Advisor Group Inc. increased its position in Monolithic Power Systems by 31.1% during the 4th quarter. Advisor Group Inc. now owns 5,296 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 1,255 shares during the period. 91.47% of the stock is currently owned by institutional investors and hedge funds.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications 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, monitors, automobiles, and medical equipment.
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