Monolithic Power Systems, Inc. (MPWR) Expected to Post Quarterly Sales of $158.59 Million

Brokerages expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to announce sales of $158.59 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Monolithic Power Systems’ earnings. The highest sales estimate is $159.00 million and the lowest is $158.40 million. Monolithic Power Systems reported sales of $128.94 million during the same quarter last year, which indicates a positive year over year growth rate of 23%. The business is expected to issue its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Monolithic Power Systems will report full year sales of $582.08 million for the current year, with estimates ranging from $580.96 million to $582.90 million. For the next year, analysts anticipate that the firm will report sales of $687.71 million per share, with estimates ranging from $676.26 million to $703.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.90. The firm had revenue of $139.76 million for the quarter, compared to the consensus estimate of $139.45 million. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share.

A number of research firms recently commented on MPWR. KeyCorp upped their price objective on Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, August 29th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $147.00 to $155.00 and gave the company a “$141.80” rating in a research report on Thursday, July 19th. Needham & Company LLC reiterated a “buy” rating and set a $155.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, September 13th. Finally, Oppenheimer upped their price objective on Monolithic Power Systems from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, June 11th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $150.56.

In other Monolithic Power Systems news, insider Deming Xiao sold 3,019 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $135.45, for a total value of $408,923.55. Following the completion of the sale, the insider now owns 326,720 shares in the company, valued at $44,254,224. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Hsing sold 25,332 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $150.36, for a total value of $3,808,919.52. Following the completion of the sale, the chief executive officer now owns 1,090,037 shares of the company’s stock, valued at approximately $163,897,963.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,259 shares of company stock valued at $25,151,897. Company insiders own 4.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. increased its position in Monolithic Power Systems by 46.1% in the second quarter. Advisors Asset Management Inc. now owns 28,476 shares of the semiconductor company’s stock worth $3,806,000 after buying an additional 8,979 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Monolithic Power Systems by 24.6% during the second quarter. Public Employees Retirement System of Ohio now owns 115,564 shares of the semiconductor company’s stock worth $15,447,000 after purchasing an additional 22,813 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $1,420,000. Jane Street Group LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $4,779,000. Finally, Granahan Investment Management Inc. MA grew its position in shares of Monolithic Power Systems by 18.3% during the second quarter. Granahan Investment Management Inc. MA now owns 18,126 shares of the semiconductor company’s stock worth $2,423,000 after purchasing an additional 2,804 shares in the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.

Monolithic Power Systems stock traded down $0.09 during mid-day trading on Wednesday, reaching $132.81. 395,100 shares of the stock traded hands, compared to its average volume of 344,717. The stock has a market cap of $5.62 billion, a PE ratio of 71.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.47. Monolithic Power Systems has a 12-month low of $101.02 and a 12-month high of $152.21.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, September 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 64.86%.

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.

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