$0.84 EPS Expected for Monolithic Power Systems, Inc. (MPWR) This Quarter

Wall Street brokerages forecast that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will announce earnings of $0.84 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Monolithic Power Systems’ earnings. The lowest EPS estimate is $0.83 and the highest is $0.86. Monolithic Power Systems reported earnings per share of $0.79 in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The business is expected to issue its next earnings report on Monday, April 29th.

On average, analysts expect that Monolithic Power Systems will report full-year earnings of $4.10 per share for the current fiscal year, with EPS estimates ranging from $3.94 to $4.32. For the next year, analysts expect that the company will post earnings of $5.21 per share, with EPS estimates ranging from $4.87 to $5.90. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.31. The business had revenue of $153.50 million for the quarter, compared to analysts’ expectations of $153.63 million. Monolithic Power Systems had a return on equity of 18.22% and a net margin of 18.08%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $0.82 earnings per share.

Several analysts have recently issued reports on MPWR shares. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Monolithic Power Systems in a research note on Monday, March 4th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Tuesday, December 18th. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Finally, Deutsche Bank raised their price target on Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $148.88.

In other Monolithic Power Systems news, VP Maurice Sciammas sold 4,615 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $129.59, for a total value of $598,057.85. Following the sale, the vice president now directly owns 298,287 shares in the company, valued at $38,655,012.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 899 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $123.50, for a total value of $111,026.50. Following the completion of the sale, the chief financial officer now owns 53,907 shares in the company, valued at $6,657,514.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 324,111 shares of company stock worth $43,107,436. 4.00% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Suntrust Banks Inc. increased its position in shares of Monolithic Power Systems by 3.9% during the fourth quarter. Suntrust Banks Inc. now owns 2,425 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 91 shares in the last quarter. M&T Bank Corp increased its position in shares of Monolithic Power Systems by 5.9% during the fourth quarter. M&T Bank Corp now owns 1,804 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 101 shares in the last quarter. MML Investors Services LLC increased its position in shares of Monolithic Power Systems by 2.8% during the fourth quarter. MML Investors Services LLC now owns 3,885 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 104 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Monolithic Power Systems by 81.3% during the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 139 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC increased its position in shares of Monolithic Power Systems by 1.1% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 13,820 shares of the semiconductor company’s stock worth $1,607,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 99.50% of the company’s stock.

Shares of NASDAQ MPWR opened at $137.95 on Friday. The firm has a market capitalization of $5.95 billion, a PE ratio of 57.72, a P/E/G ratio of 1.92 and a beta of 1.43. Monolithic Power Systems has a 12-month low of $101.99 and a 12-month high of $152.21.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 50.21%.

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.

Featured Article: Gross Domestic Product (GDP)

Get a free copy of the Zacks research report on Monolithic Power Systems (MPWR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.