Equities research analysts predict that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will post $139.59 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Monolithic Power Systems’ earnings, with the lowest sales estimate coming in at $139.49 million and the highest estimate coming in at $140.00 million. Monolithic Power Systems reported sales of $112.20 million in the same quarter last year, which indicates a positive year over year growth rate of 24.4%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that Monolithic Power Systems will report full-year sales of $572.93 million for the current year, with estimates ranging from $567.70 million to $579.00 million. For the next financial year, analysts forecast that the business will report sales of $669.70 million per share, with estimates ranging from $653.00 million to $695.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $129.20 million during the quarter, compared to analysts’ expectations of $125.18 million. Monolithic Power Systems had a return on equity of 17.04% and a net margin of 14.52%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS.
Several brokerages have weighed in on MPWR. Oppenheimer lifted their price objective on Monolithic Power Systems from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, June 11th. Deutsche Bank lifted their price objective on Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Monolithic Power Systems in a report on Friday, June 8th. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $138.00 to $147.00 and gave the company a “buy” rating in a report on Friday, June 8th. Finally, Cowen lifted their price objective on Monolithic Power Systems from $150.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, June 8th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $145.22.
NASDAQ:MPWR traded up $1.19 during mid-day trading on Monday, hitting $134.57. 355,595 shares of the stock were exchanged, compared to its average volume of 345,433. The stock has a market cap of $5.78 billion, a P/E ratio of 71.86, a PEG ratio of 3.10 and a beta of 1.32. Monolithic Power Systems has a fifty-two week low of $94.24 and a fifty-two week high of $142.56.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be paid a $0.30 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.20 annualized dividend and a dividend yield of 0.89%. Monolithic Power Systems’s payout ratio is 64.86%.
In related news, insider Deming Xiao sold 5,643 shares of the business’s stock in a transaction on Friday, May 4th. The stock was sold at an average price of $120.01, for a total transaction of $677,216.43. Following the sale, the insider now owns 340,198 shares in the company, valued at approximately $40,827,161.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Hsing sold 20,000 shares of the business’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $111.90, for a total value of $2,238,000.00. Following the sale, the chief executive officer now owns 1,224,789 shares in the company, valued at approximately $137,053,889.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,576 shares of company stock worth $17,383,789. Corporate insiders own 4.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Denver Investment Advisors LLC lifted its holdings in Monolithic Power Systems by 6.6% during the 1st quarter. Denver Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $731,000 after buying an additional 392 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Monolithic Power Systems by 6.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,240 shares of the semiconductor company’s stock worth $836,000 after buying an additional 408 shares during the period. Guggenheim Capital LLC lifted its holdings in Monolithic Power Systems by 0.5% during the 1st quarter. Guggenheim Capital LLC now owns 89,259 shares of the semiconductor company’s stock worth $10,333,000 after buying an additional 430 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Monolithic Power Systems by 3.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,574 shares of the semiconductor company’s stock worth $1,412,000 after buying an additional 431 shares during the period. Finally, Zeke Capital Advisors LLC lifted its holdings in Monolithic Power Systems by 24.3% during the 1st quarter. Zeke Capital Advisors LLC now owns 2,219 shares of the semiconductor company’s stock worth $257,000 after buying an additional 434 shares during the period. 91.48% of the stock is currently owned by hedge funds and other institutional investors.
Monolithic Power Systems Company Profile
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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