Brokerages predict that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will post earnings of $1.06 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Monolithic Power Systems’ earnings. The highest EPS estimate is $1.07 and the lowest is $1.06. Monolithic Power Systems also posted earnings of $1.06 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Monolithic Power Systems will report full year earnings of $3.85 per share for the current fiscal year, with EPS estimates ranging from $3.77 to $3.90. For the next financial year, analysts expect that the firm will post earnings of $4.93 per share, with EPS estimates ranging from $4.50 to $5.38. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The firm had revenue of $151.00 million during the quarter, compared to analyst estimates of $150.56 million. During the same quarter last year, the company posted $0.90 EPS. The company’s revenue was up 8.0% on a year-over-year basis.

MPWR has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday. Loop Capital began coverage on shares of Monolithic Power Systems in a report on Tuesday, June 18th. They issued a “buy” rating and a $144.00 target price on the stock. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. Finally, ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $150.63.

In related news, CFO Theodore Blegen sold 999 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $156.58, for a total value of $156,423.42. Following the completion of the sale, the chief financial officer now directly owns 95,998 shares in the company, valued at $15,031,366.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Maurice Sciammas sold 29,128 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $155.83, for a total transaction of $4,539,016.24. Following the completion of the sale, the vice president now owns 388,813 shares of the company’s stock, valued at $60,588,729.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,454 shares of company stock valued at $29,967,949. 3.00% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Atria Investments LLC grew its holdings in Monolithic Power Systems by 18.7% in the second quarter. Atria Investments LLC now owns 13,027 shares of the semiconductor company’s stock valued at $1,935,000 after purchasing an additional 2,055 shares during the period. Treasurer of the State of North Carolina grew its stake in Monolithic Power Systems by 3.6% during the second quarter. Treasurer of the State of North Carolina now owns 16,782 shares of the semiconductor company’s stock worth $2,279,000 after buying an additional 580 shares during the period. BlackRock Inc. grew its stake in Monolithic Power Systems by 4.0% during the second quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock worth $598,366,000 after buying an additional 168,988 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Monolithic Power Systems by 12.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,472 shares of the semiconductor company’s stock worth $1,286,000 after buying an additional 1,061 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Monolithic Power Systems by 8.1% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 227,566 shares of the semiconductor company’s stock worth $30,898,000 after buying an additional 17,032 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.

NASDAQ:MPWR traded up $3.65 during midday trading on Monday, hitting $161.17. 64,838 shares of the company were exchanged, compared to its average volume of 297,743. The company has a fifty day simple moving average of $150.36 and a 200 day simple moving average of $140.41. Monolithic Power Systems has a fifty-two week low of $101.99 and a fifty-two week high of $161.50. The company has a market capitalization of $6.82 billion, a PE ratio of 67.44, a price-to-earnings-growth ratio of 2.44 and a beta of 1.63.

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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