Monolithic Power Systems, Inc. Forecasted to Post Q3 2017 Earnings of $0.50 Per Share (MPWR)
Monolithic Power Systems, Inc. (NASDAQ:MPWR) – SunTrust Banks issued their Q3 2017 EPS estimates for Monolithic Power Systems in a report issued on Tuesday. SunTrust Banks analyst W. Stein anticipates that the semiconductor company will post earnings per share of $0.50 for the quarter. SunTrust Banks has a “Buy” rating and a $132.00 price objective on the stock. SunTrust Banks also issued estimates for Monolithic Power Systems’ Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $1.66 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.42 EPS, Q1 2019 earnings at $0.66 EPS, Q2 2019 earnings at $0.80 EPS, Q3 2019 earnings at $0.99 EPS and FY2019 earnings at $3.39 EPS.
Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. TRADEMARK VIOLATION WARNING: “Monolithic Power Systems, Inc. Forecasted to Post Q3 2017 Earnings of $0.50 Per Share (MPWR)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/13/monolithic-power-systems-inc-forecasted-to-post-q3-2017-earnings-of-0-50-per-share-mpwr.html.
Several other research firms have also recently weighed in on MPWR. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, October 4th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price (up from $100.00) 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 company a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, BidaskClub cut shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $116.38.
A number of institutional investors have recently made changes to their positions in the business. HWG Holdings LP lifted its holdings in Monolithic Power Systems by 123.5% during the 2nd quarter. HWG Holdings LP now owns 21,579 shares of the semiconductor company’s stock valued at $2,080,000 after purchasing an additional 11,925 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in Monolithic Power Systems by 18.2% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 30,395 shares of the semiconductor company’s stock valued at $2,930,000 after purchasing an additional 4,680 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in Monolithic Power Systems by 4.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,017,256 shares of the semiconductor company’s stock valued at $98,063,000 after purchasing an additional 46,077 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Monolithic Power Systems by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,289 shares of the semiconductor company’s stock valued at $7,451,000 after purchasing an additional 779 shares during the last quarter. Finally, 1st Global Advisors Inc. acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at $209,000. 93.19% of the stock is owned by institutional investors and hedge funds.
In other Monolithic Power Systems news, insider Deming Xiao sold 6,004 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $101.96, for a total transaction of $612,167.84. Following the completion of the sale, the insider now owns 284,102 shares of the company’s stock, valued at approximately $28,967,039.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Maurice Sciammas sold 10,828 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 374,994 shares of the company’s stock, valued at approximately $38,099,390.40. The disclosure for this sale can be found here. Insiders have sold a total of 112,819 shares of company stock valued at $11,634,216 in the last ninety days. Insiders own 4.00% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio 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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