Monolithic Power Systems, Inc. (MPWR) to Release Quarterly Earnings on Monday
Monolithic Power Systems, Inc. (NASDAQ:MPWR) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.82 per share for the quarter.
Monolithic Power Systems (NASDAQ:MPWR) last issued 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. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The company had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, analysts expect Monolithic Power Systems to post $2.87 EPS for the current fiscal year and $3.59 EPS for the next fiscal year.
Monolithic Power Systems, Inc. (MPWR) opened at 113.98 on Monday. The firm has a 50-day moving average of $106.92 and a 200-day moving average of $99.85. Monolithic Power Systems, Inc. has a one year low of $75.04 and a one year high of $115.10. The stock has a market capitalization of $4.72 billion, a PE ratio of 80.38 and a beta of 1.26.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.70%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.74%.
A number of analysts recently commented on the stock. BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 target price (up from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. KeyCorp reiterated a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a report on Wednesday, July 26th. Two 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 stock has a consensus rating of “Buy” and an average price target of $116.38.
In other news, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $108.40, for a total transaction of $1,626,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Maurice Sciammas sold 1,693 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $104.09, for a total transaction of $176,224.37. Following the sale, the vice president now owns 367,695 shares in the company, valued at approximately $38,273,372.55. The disclosure for this sale can be found here. Insiders sold a total of 112,819 shares of company stock worth $11,634,216 over the last quarter. Insiders own 4.00% of the company’s stock.
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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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