Monolithic Power Systems, Inc. (NASDAQ:MPWR) Expected to Announce Quarterly Sales of $111.09 Million
Brokerages expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will report $111.09 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Monolithic Power Systems’ earnings, with the highest sales estimate coming in at $111.43 million and the lowest estimate coming in at $111.00 million. Monolithic Power Systems posted sales of $94.08 million during the same quarter last year, which suggests a positive year-over-year growth rate of 18.1%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, July 26th.
According to Zacks, analysts expect that Monolithic Power Systems will report full-year sales of $111.09 million for the current year, with estimates ranging from $447.20 million to $467.79 million. For the next financial year, analysts forecast that the company will report sales of $524.43 million per share, with estimates ranging from $487.00 million to $550.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.06. Monolithic Power Systems had a net margin of 14.00% and a return on equity of 13.83%. The business had revenue of $100.40 million for the quarter, compared to analysts’ expectations of $100.02 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 18.8% on a year-over-year basis.
A number of equities research analysts recently weighed in on MPWR shares. Pacific Crest restated an “overweight” rating and set a $110.00 price objective on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Deutsche Bank AG reaffirmed a “buy” rating and set a $97.00 target price (up from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. Finally, Stifel Nicolaus lowered their target price on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $100.14.
In related news, Director James C. Moyer sold 2,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $91.36, for a total value of $182,720.00. Following the transaction, the director now owns 834,758 shares of the company’s stock, valued at approximately $76,263,490.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Saria Tseng sold 5,606 shares of Monolithic Power Systems stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $92.24, for a total value of $517,097.44. Following the completion of the transaction, the vice president now directly owns 295,738 shares in the company, valued at approximately $27,278,873.12. The disclosure for this sale can be found here. Insiders sold a total of 99,470 shares of company stock worth $9,458,509 in the last three months. 4.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 68.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,900 shares of the semiconductor company’s stock worth $236,000 after buying an additional 1,180 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Monolithic Power Systems by 8.1% in the first quarter. Eagle Asset Management Inc. now owns 78,090 shares of the semiconductor company’s stock valued at $7,192,000 after buying an additional 5,881 shares during the period. Teachers Advisors LLC boosted its position in Monolithic Power Systems by 109.7% in the fourth quarter. Teachers Advisors LLC now owns 131,225 shares of the semiconductor company’s stock valued at $10,751,000 after buying an additional 68,638 shares during the period. Bank of Montreal Can boosted its position in Monolithic Power Systems by 110.0% in the first quarter. Bank of Montreal Can now owns 373,545 shares of the semiconductor company’s stock valued at $34,404,000 after buying an additional 195,666 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Monolithic Power Systems by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,461 shares of the semiconductor company’s stock valued at $26,502,000 after buying an additional 4,174 shares during the period. 92.68% of the stock is currently owned by hedge funds and other institutional investors.
Monolithic Power Systems (NASDAQ MPWR) traded down 1.37% during trading on Friday, hitting $103.56. 128,069 shares of the stock were exchanged. Monolithic Power Systems has a one year low of $70.00 and a one year high of $105.14. The stock’s 50 day moving average is $98.82 and its 200-day moving average is $92.68. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 77.34 and a beta of 1.22.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.20 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.76%. Monolithic Power Systems’s dividend payout ratio is currently 60.15%.
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Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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