Monolithic Power Systems (NASDAQ:MPWR) Posts Quarterly Earnings Results, Misses Estimates By $0.84 EPS

Monolithic Power Systems (NASDAQ:MPWR) issued its quarterly earnings data on Thursday. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84), Zacks reports. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%.

Monolithic Power Systems Price Performance

MPWR traded up $7.03 during midday trading on Thursday, reaching $660.90. 1,427,028 shares of the company’s stock traded hands, compared to its average volume of 864,353. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of 74.51, a P/E/G ratio of 2.44 and a beta of 1.03. Monolithic Power Systems has a 52 week low of $546.71 and a 52 week high of $959.64. The firm has a fifty day moving average of $613.54 and a two-hundred day moving average of $756.52.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.76%. Monolithic Power Systems’s payout ratio is presently 56.37%.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 734 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the sale, the chief financial officer now owns 55,944 shares in the company, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,100 shares of company stock valued at $2,724,231. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MPWR. Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a research report on Monday, November 18th. TD Cowen reduced their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Oppenheimer dropped their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $820.33.

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.