Analysts expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to report sales of $126.16 million for the current quarter, Zacks reports. Seven analysts have made estimates for Monolithic Power Systems’ earnings, with the highest sales estimate coming in at $128.33 million and the lowest estimate coming in at $124.20 million. Monolithic Power Systems posted sales of $103.62 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 8th.

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 $465.70 million to $469.83 million. For the next financial year, analysts anticipate that the business will post sales of $550.72 million per share, with estimates ranging from $530.00 million to $564.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The business had revenue of $128.90 million for the quarter, compared to analyst estimates of $126.11 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis.

MPWR has been the topic of several analyst reports. Oppenheimer upped their price target on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Deutsche Bank lifted their target price on Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Monolithic Power Systems in a research note on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target on shares of Monolithic Power Systems in a research report on Sunday, September 3rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $129.25.

In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $105.20, for a total transaction of $1,578,000.00. Following the sale, the director now directly owns 761,201 shares in the company, valued at $80,078,345.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Maurice Sciammas sold 1,693 shares of Monolithic Power Systems stock in a transaction on Monday, September 18th. The stock was sold at an average price of $104.09, for a total transaction of $176,224.37. Following the transaction, the vice president now directly owns 367,695 shares in the company, valued at $38,273,372.55. The disclosure for this sale can be found here. Insiders sold a total of 97,535 shares of company stock worth $11,436,653 in the last quarter. Insiders own 4.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,118,538 shares of the semiconductor company’s stock worth $300,627,000 after buying an additional 85,754 shares during the last quarter. State Street Corp raised its stake in shares of Monolithic Power Systems by 3.7% during the second quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock worth $131,351,000 after buying an additional 48,013 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in Monolithic Power Systems by 4.1% during the third quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock worth $128,958,000 after acquiring an additional 47,751 shares in the last quarter. Wasatch Advisors Inc. boosted its position 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 worth $98,063,000 after buying an additional 46,077 shares during the period. Finally, Earnest Partners LLC raised its holdings in Monolithic Power Systems by 0.4% during the 3rd quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock worth $105,312,000 after purchasing an additional 3,973 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.

Monolithic Power Systems (NASDAQ MPWR) opened at $118.35 on Friday. Monolithic Power Systems has a 1 year low of $75.08 and a 1 year high of $126.80. The stock has a market capitalization of $4,910.00, a PE ratio of 75.72, a P/E/G ratio of 3.86 and a beta of 1.28.

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

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