Analysts expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will report $126.16 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Monolithic Power Systems’ earnings, with the highest sales estimate coming in at $128.05 million and the lowest estimate coming in at $124.50 million. Monolithic Power Systems posted sales of $106.46 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.5%. The company is scheduled to report its next earnings report on Monday, October 30th.
On average, analysts expect that Monolithic Power Systems will report full-year sales of $126.16 million for the current financial year, with estimates ranging from $457.40 million to $468.33 million. For the next fiscal year, analysts forecast that the firm will report sales of $536.81 million per share, with estimates ranging from $507.00 million to $559.45 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $112.20 million for the quarter, compared to analyst estimates of $110.94 million. During the same quarter last year, the firm posted $0.54 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 19.3% compared to the same quarter last year.
Several research firms have weighed in on MPWR. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 target price on shares of Monolithic Power Systems in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 target price (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 target price on Monolithic Power Systems and gave the company a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Monolithic Power Systems currently has an average rating of “Buy” and an average target price of $114.14.
Monolithic Power Systems (NASDAQ MPWR) traded up 0.37% on Thursday, reaching $108.63. 110,829 shares of the company traded hands. The firm has a 50 day moving average price of $102.74 and a 200 day moving average price of $98.34. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 76.61 and a beta of 1.26. Monolithic Power Systems has a 52-week low of $75.04 and a 52-week high of $108.89.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.74%. Monolithic Power Systems’s dividend payout ratio is 56.74%.
In other news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $97.65, for a total transaction of $1,464,750.00. Following the completion of the sale, the director now directly owns 790,758 shares in the company, valued at approximately $77,217,518.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Deming Xiao sold 6,004 shares of Monolithic Power Systems stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $101.96, for a total value of $612,167.84. Following the sale, the insider now owns 284,102 shares of the company’s stock, valued at $28,967,039.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,819 shares of company stock valued at $11,472,966. 4.00% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $121,000. D.A. Davidson & CO. lifted its holdings in Monolithic Power Systems by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 172 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Monolithic Power Systems by 115.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 832 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in Monolithic Power Systems in the 1st quarter worth approximately $157,000. Finally, Fortaleza Asset Management Inc. lifted its holdings in Monolithic Power Systems by 50.2% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 640 shares during the last quarter. Hedge funds and other institutional investors own 93.19% 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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