Wall Street brokerages expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to announce sales of $126.46 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Monolithic Power Systems’ earnings. The highest sales estimate is $128.30 million and the lowest is $124.50 million. Monolithic Power Systems posted sales of $106.46 million in the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Monolithic Power Systems will report full year sales of $126.46 million for the current fiscal year, with estimates ranging from $457.40 million to $468.33 million. For the next fiscal year, analysts anticipate that the firm will post sales of $538.84 million per share, with estimates ranging from $507.00 million to $559.45 million. Zacks’ sales averages are an average based on a survey of 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. The business had revenue of $112.20 million for the quarter, compared to analyst estimates of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. Monolithic Power Systems’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share.

MPWR has been the topic of several analyst reports. Oppenheimer Holdings, Inc. upped their price objective on Monolithic Power Systems from $100.00 to $110.00 in a research report on Monday, July 24th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Monolithic Power Systems in a research report on Sunday, September 3rd. KeyCorp reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Monolithic Power Systems in a research report on Friday, September 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price objective (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $119.25.

In other news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $108.40, for a total value of $1,626,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 459 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $101.42, for a total value of $46,551.78. Following the completion of the sale, the chief financial officer now owns 41,445 shares of the company’s stock, valued at $4,203,351.90. The disclosure for this sale can be found here. Insiders have sold a total of 112,819 shares of company stock worth $11,634,216 over the last three months. Insiders own 4.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Monolithic Power Systems by 25,140.6% in the 1st quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock worth $385,591,000 after purchasing an additional 4,170,068 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,118,538 shares of the semiconductor company’s stock worth $300,627,000 after purchasing an additional 85,754 shares in the last quarter. State Street Corp increased its stake in shares of Monolithic Power Systems by 3.7% in the 2nd quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock worth $131,351,000 after purchasing an additional 48,013 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Monolithic Power Systems by 98.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock worth $112,070,000 after purchasing an additional 577,248 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its stake in shares of Monolithic Power Systems by 4.7% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,017,256 shares of the semiconductor company’s stock worth $98,063,000 after purchasing an additional 46,077 shares in the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.

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Shares of Monolithic Power Systems (MPWR) traded up 0.50% during mid-day trading on Tuesday, reaching $115.27. The company had a trading volume of 55,516 shares. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 81.29 and a beta of 1.26. Monolithic Power Systems has a one year low of $75.04 and a one year high of $115.96. The company has a 50 day moving average price of $107.26 and a 200 day moving average price of $100.14.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.70%. Monolithic Power Systems’s payout ratio is 56.74%.

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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Earnings History and Estimates for Monolithic Power Systems (NASDAQ:MPWR)

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