Equities research analysts forecast that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will announce $154.03 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Monolithic Power Systems’ earnings, with the lowest sales estimate coming in at $154.00 million and the highest estimate coming in at $154.10 million. Monolithic Power Systems posted sales of $129.43 million during the same quarter last year, which indicates a positive year over year growth rate of 19%. The firm is expected to issue its next earnings results on Thursday, February 14th.

On average, analysts expect that Monolithic Power Systems will report full year sales of $582.94 million for the current fiscal year, with estimates ranging from $582.89 million to $583.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $670.55 million, with estimates ranging from $655.54 million to $687.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Monolithic Power Systems.

Several equities research analysts have issued reports on the company. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday. Cowen cut their target price on Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. KeyCorp cut their target price on Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, October 16th. BidaskClub raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $151.00.

In related news, CEO Michael Hsing sold 15,867 shares of Monolithic Power Systems stock in a transaction on Monday, November 5th. The stock was sold at an average price of $121.73, for a total value of $1,931,489.91. Following the completion of the transaction, the chief executive officer now directly owns 1,109,565 shares in the company, valued at $135,067,347.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Deming Xiao sold 5,497 shares of Monolithic Power Systems stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $145.82, for a total value of $801,572.54. Following the completion of the transaction, the insider now owns 314,002 shares of the company’s stock, valued at $45,787,771.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,615 shares of company stock valued at $15,890,679. Company insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Paradigm Asset Management Co. LLC purchased a new stake in Monolithic Power Systems during the 3rd quarter worth about $157,000. Nordea Investment Management AB lifted its holdings in Monolithic Power Systems by 28.5% during the 3rd quarter. Nordea Investment Management AB now owns 33,170 shares of the semiconductor company’s stock worth $4,164,000 after buying an additional 7,364 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Monolithic Power Systems by 21.1% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 186,603 shares of the semiconductor company’s stock worth $23,424,000 after buying an additional 32,573 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in Monolithic Power Systems during the 3rd quarter worth about $515,000. Finally, Macquarie Group Ltd. lifted its holdings in Monolithic Power Systems by 4.1% during the 3rd quarter. Macquarie Group Ltd. now owns 231,270 shares of the semiconductor company’s stock worth $29,031,000 after buying an additional 9,035 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

NASDAQ:MPWR opened at $120.63 on Friday. The company has a market capitalization of $5.42 billion, a P/E ratio of 65.21, a P/E/G ratio of 2.08 and a beta of 1.49. Monolithic Power Systems has a one year low of $101.99 and a one year high of $152.21.

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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Earnings History and Estimates for Monolithic Power Systems (NASDAQ:MPWR)

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