Monolithic Power Systems, Inc. (MPWR) Expected to Post Quarterly Sales of $126.16 Million
Brokerages expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to announce sales of $126.16 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Monolithic Power Systems’ earnings. The highest sales estimate is $128.05 million and the lowest is $124.50 million. Monolithic Power Systems reported sales of $106.46 million during the same quarter last year, which indicates a positive year over year growth rate of 18.5%. The business is expected to issue its next quarterly earnings results on Monday, October 30th.
On average, analysts expect that Monolithic Power Systems will report full year sales of $126.16 million for the current year, with estimates ranging from $457.40 million to $468.33 million. For the next year, analysts anticipate that the firm will report sales of $536.82 million per share, with estimates ranging from $507.00 million to $559.52 million. Zacks Investment Research’s sales averages 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 issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The company had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year.
Several equities analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $140.00 price objective (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 target price (up previously from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $112.63.
In related news, Director James C. Moyer sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $95.41, for a total value of $190,820.00. Following the completion of the sale, the director now owns 805,758 shares in the company, valued at $76,877,370.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 4,604 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $99.00, for a total transaction of $455,796.00. Following the completion of the sale, the chief financial officer now owns 42,530 shares of the company’s stock, valued at approximately $4,210,470. The disclosure for this sale can be found here. Insiders have sold 117,730 shares of company stock valued at $11,943,358 in the last quarter. Insiders own 4.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Monolithic Power Systems in the second quarter valued at about $121,000. D.A. Davidson & CO. lifted its position in Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position 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 valued at $150,000 after purchasing an additional 832 shares during the period. Segantii Capital Management Ltd acquired a new stake in Monolithic Power Systems in the first quarter valued at about $157,000. Finally, Fortaleza Asset Management Inc. lifted its position in Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 640 shares during the period. Hedge funds and other institutional investors own 93.37% of the company’s stock.
Shares of Monolithic Power Systems (NASDAQ:MPWR) opened at 103.26 on Friday. The firm’s 50-day moving average price is $101.19 and its 200-day moving average price is $96.71. The firm has a market cap of $4.27 billion, a PE ratio of 72.82 and a beta of 1.22. Monolithic Power Systems has a 12 month low of $75.04 and a 12 month high of $107.87.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.77%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.74%.
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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