Monolithic Power Systems (MPWR) Scheduled to Post Quarterly Earnings on Wednesday

Monolithic Power Systems (NASDAQ:MPWR) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Monolithic Power Systems to post earnings of $2.66 per share for the quarter. Monolithic Power Systems has set its Q1 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. On average, analysts expect Monolithic Power Systems to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Monolithic Power Systems Stock Up 1.8 %

Shares of NASDAQ MPWR opened at $611.37 on Wednesday. The business’s 50 day moving average is $687.40 and its two-hundred day moving average is $606.54. Monolithic Power Systems has a 52-week low of $383.19 and a 52-week high of $778.15. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 69.79, a PEG ratio of 3.17 and a beta of 1.24.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.25 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems’s payout ratio is presently 57.08%.

Analyst Ratings Changes

Several equities analysts have weighed in on MPWR shares. TD Cowen lifted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Oppenheimer increased their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. KeyCorp upped their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus increased their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $670.30.

Insider Transactions at Monolithic Power Systems

In related news, insider Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares in the company, valued at $141,834,400. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the transaction, the director now owns 6,269 shares in the company, valued at $4,705,323.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $584,120.00. Following the sale, the insider now owns 208,580 shares in the company, valued at approximately $141,834,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,077 shares of company stock valued at $30,357,479. 3.20% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.