Monolithic Power Systems (NASDAQ:MPWR) is scheduled to announce its earnings results after the market closes on Thursday, October 25th. Analysts expect the company to announce earnings of $0.73 per share for the quarter.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.90. The firm had revenue of $139.76 million for the quarter, compared to analyst estimates of $139.45 million. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. On average, analysts expect Monolithic Power Systems to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of MPWR stock opened at $118.87 on Thursday. The company has a market capitalization of $5.31 billion, a PE ratio of 64.25, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53. Monolithic Power Systems has a fifty-two week low of $103.14 and a fifty-two week high of $152.21.
In related news, insider Deming Xiao sold 1,710 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $135.99, for a total transaction of $232,542.90. Following the sale, the insider now directly owns 326,720 shares in the company, valued at $44,430,652.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 181 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $139.96, for a total value of $25,332.76. Following the sale, the chief financial officer now owns 56,125 shares in the company, valued at $7,855,255. The disclosure for this sale can be found here. Insiders have sold 174,129 shares of company stock worth $24,183,574 over the last 90 days. 4.00% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently weighed in on MPWR shares. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $147.00 to $155.00 and gave the stock a “$141.80” rating in a research report on Thursday, July 19th. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. ValuEngine lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. Finally, Raymond James lowered Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 price objective on the stock. in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $152.88.
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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