Analysts Expect Monolithic Power Systems, Inc. (MPWR) Will Announce Quarterly Sales of $126.16 Million
Analysts predict that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will announce $126.16 million in sales for the current fiscal quarter, Zacks reports. 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 posted sales of $106.46 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.5%. The firm is scheduled to announce its next earnings report on Monday, October 30th.
According to Zacks, analysts expect that Monolithic Power Systems will report full year sales of $126.16 million for the current fiscal year, with estimates ranging from $457.40 million to $468.33 million. For the next financial year, analysts expect that the firm will report sales of $536.81 million per share, with estimates ranging from $507.00 million to $559.45 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The business had revenue of $112.20 million for the quarter, compared to the consensus estimate of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS.
A number of analysts have recently commented on MPWR shares. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 target price on shares of Monolithic Power Systems in a research report on Sunday, September 3rd. KeyCorp restated a “buy” rating and issued a $115.00 price target on shares of Monolithic Power Systems in a research report on Friday, September 1st. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Pacific Crest restated an “overweight” rating and issued a $110.00 price target on shares of Monolithic Power Systems in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Monolithic Power Systems has an average rating of “Buy” and an average target price of $114.14.
Shares of Monolithic Power Systems (NASDAQ MPWR) opened at 107.72 on Thursday. The stock has a market cap of $4.46 billion, a P/E ratio of 75.97 and a beta of 1.26. Monolithic Power Systems has a 1-year low of $75.04 and a 1-year high of $108.89. The firm’s 50-day moving average price is $102.23 and its 200 day moving average price is $98.16.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.74%.
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In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $97.65, for a total value of $1,464,750.00. Following the sale, the director now owns 790,758 shares of the company’s stock, valued at approximately $77,217,518.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Maurice Sciammas sold 10,828 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $101.60, for a total value of $1,100,124.80. Following the completion of the sale, the vice president now directly owns 374,994 shares in the company, valued at approximately $38,099,390.40. The disclosure for this sale can be found here. Insiders sold a total of 112,819 shares of company stock worth $11,472,966 in the last 90 days. 4.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sawtooth Solutions LLC boosted its holdings in Monolithic Power Systems by 0.9% in the 2nd quarter. Sawtooth Solutions LLC now owns 2,519 shares of the semiconductor company’s stock valued at $243,000 after purchasing an additional 23 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Monolithic Power Systems by 0.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,054 shares of the semiconductor company’s stock valued at $742,000 after purchasing an additional 34 shares in the last quarter. First National Bank of Hutchinson boosted its holdings in Monolithic Power Systems by 0.8% in the 2nd quarter. First National Bank of Hutchinson now owns 4,744 shares of the semiconductor company’s stock valued at $498,000 after purchasing an additional 36 shares in the last quarter. Miles Capital Inc. boosted its holdings in Monolithic Power Systems by 1.7% in the 1st quarter. Miles Capital Inc. now owns 2,704 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 45 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in Monolithic Power Systems by 1.2% in the 2nd quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 45 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors.
About Monolithic Power Systems
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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