Monolithic Power Systems (MPWR) Scheduled to Post Earnings on Wednesday

Monolithic Power Systems (NASDAQ:MPWR) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.66 per share for the quarter. Monolithic Power Systems has set its Q1 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. On average, analysts expect Monolithic Power Systems to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Monolithic Power Systems Trading Up 0.4 %

Shares of NASDAQ:MPWR opened at $679.70 on Tuesday. The company has a 50 day moving average of $681.78 and a 200 day moving average of $611.46. The stock has a market cap of $33.07 billion, a P/E ratio of 77.59, a P/E/G ratio of 3.62 and a beta of 1.24. Monolithic Power Systems has a 12 month low of $383.19 and a 12 month high of $778.15.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.25 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is 57.08%.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the transaction, the chief financial officer now owns 84,768 shares in the company, valued at $51,137,143.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the transaction, the chief financial officer now directly owns 84,768 shares in the company, valued at approximately $51,137,143.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the completion of the sale, the chief executive officer now owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock valued at $30,357,479 over the last three months. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MPWR shares. Oppenheimer lifted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen lifted their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. KeyCorp lifted their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $670.30.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.