Analysts Anticipate Monolithic Power Systems, Inc. (MPWR) Will Post Quarterly Sales of $111.09 Million
Equities research analysts expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will report sales of $111.09 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Monolithic Power Systems’ earnings, with the lowest sales estimate coming in at $111.00 million and the highest estimate coming in at $111.43 million. Monolithic Power Systems reported sales of $94.08 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.1%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, July 26th.
On average, analysts expect that Monolithic Power Systems will report full-year sales of $111.09 million for the current fiscal year, with estimates ranging from $447.20 million to $467.79 million. For the next year, analysts expect that the business will post sales of $524.43 million per share, with estimates ranging from $487.00 million to $550.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, April 26th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. The firm had revenue of $100.40 million for the quarter, compared to the consensus estimate of $100.02 million. Monolithic Power Systems had a return on equity of 13.83% and a net margin of 14.00%. The business’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target (up from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. Stifel Nicolaus lowered their price objective on shares of Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, April 26th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $97.00 price objective (up from $95.00) on shares of Monolithic Power Systems in a research report on Friday, April 28th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $100.14.
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Monolithic Power Systems (NASDAQ MPWR) traded down 1.37% on Friday, hitting $103.56. 128,069 shares of the stock traded hands. Monolithic Power Systems has a 52-week low of $70.00 and a 52-week high of $105.14. The company’s 50 day moving average price is $98.82 and its 200-day moving average price is $92.68. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 77.34 and a beta of 1.22.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.20 per share. 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 payout ratio is 60.15%.
In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $97.65, for a total transaction of $1,464,750.00. Following the transaction, the director now owns 790,758 shares in the company, valued at approximately $77,217,518.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 4,604 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $99.00, for a total transaction of $455,796.00. Following the transaction, the chief financial officer now owns 42,530 shares in the company, valued at approximately $4,210,470. The disclosure for this sale can be found here. Insiders have sold 99,470 shares of company stock valued at $9,458,509 in the last three months. 4.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. TrimTabs Asset Management LLC acquired a new stake in Monolithic Power Systems during the first quarter worth $128,000. Whittier Trust Co. of Nevada Inc. raised its stake in Monolithic Power Systems by 115.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after buying an additional 832 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in Monolithic Power Systems during the first quarter worth $157,000. Oppenheimer & Co. Inc. acquired a new stake in Monolithic Power Systems during the first quarter worth $202,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Monolithic Power Systems during the first quarter worth $211,000. Institutional investors and hedge funds own 92.68% of the company’s stock.
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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