Wall Street analysts expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will announce earnings per share (EPS) of $0.81 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Monolithic Power Systems’ earnings. The lowest EPS estimate is $0.79 and the highest is $0.82. Monolithic Power Systems reported earnings per share of $0.65 during the same quarter last year, which suggests a positive year-over-year growth rate of 24.6%. The business is expected to report its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Monolithic Power Systems will report full-year earnings of $2.91 per share for the current year, with EPS estimates ranging from $2.89 to $2.93. For the next fiscal year, analysts forecast that the company will report earnings of $3.65 per share, with EPS estimates ranging from $3.49 to $3.75. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The company had revenue of $128.90 million for the quarter, compared to analyst estimates of $126.11 million. During the same quarter last year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis.
Monolithic Power Systems (MPWR) traded up $3.95 during mid-day trading on Wednesday, hitting $116.31. The stock had a trading volume of 285,700 shares, compared to its average volume of 241,400. Monolithic Power Systems has a 52 week low of $81.84 and a 52 week high of $126.80. The company has a market capitalization of $4,930.00, a price-to-earnings ratio of 71.80, a PEG ratio of 2.43 and a beta of 1.26.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.69%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.38%.
In other Monolithic Power Systems news, insider Deming Xiao sold 6,004 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $123.06, for a total value of $738,852.24. Following the sale, the insider now directly owns 280,865 shares in the company, valued at $34,563,246.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Saria Tseng sold 4,998 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $125.62, for a total value of $627,848.76. Following the completion of the sale, the vice president now owns 266,726 shares in the company, valued at $33,506,120.12. The disclosure for this sale can be found here. Insiders have sold 97,994 shares of company stock worth $11,636,168 over the last quarter. 4.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of MPWR. Franklin Resources Inc. grew its position in shares of Monolithic Power Systems by 166.3% in the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock valued at $77,086,000 after purchasing an additional 499,387 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Monolithic Power Systems by 259.3% in the second quarter. Goldman Sachs Group Inc. now owns 376,246 shares of the semiconductor company’s stock valued at $36,270,000 after purchasing an additional 271,527 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Monolithic Power Systems by 32.4% in the second quarter. Alliancebernstein L.P. now owns 506,976 shares of the semiconductor company’s stock valued at $48,872,000 after purchasing an additional 123,977 shares in the last quarter. Emerald Advisers Inc. PA purchased a new position in shares of Monolithic Power Systems in the third quarter valued at $12,559,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Monolithic Power Systems in the third quarter valued at $12,546,000. Hedge funds and other institutional investors own 93.85% of the company’s stock.
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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