$126.16 Million in Sales Expected for Monolithic Power Systems, Inc. (MPWR) This Quarter

Wall Street brokerages expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will report $126.16 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Monolithic Power Systems’ earnings. The lowest sales estimate is $124.20 million and the highest is $128.33 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 expected to announce its next earnings report on Thursday, February 8th.

On average, analysts expect that Monolithic Power Systems will report full year sales of $126.16 million for the current year, with estimates ranging from $465.70 million to $469.83 million. For the next financial year, analysts expect that the business will report sales of $550.72 million per share, with estimates ranging from $530.00 million to $564.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $128.90 million during the quarter, compared to analyst estimates of $126.11 million. During the same quarter in the prior year, the business posted $0.66 EPS. Monolithic Power Systems’s revenue for the quarter was up 21.0% compared to the same quarter last year.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price objective on shares of Monolithic Power Systems in a report on Wednesday, October 4th. SunTrust Banks assumed coverage on shares of Monolithic Power Systems in a report on Tuesday, October 10th. They set a “buy” rating and a $132.00 price objective for the company. Deutsche Bank increased their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, KeyCorp reissued a “buy” rating and set a $125.00 price objective on shares of Monolithic Power Systems in a report on Friday, October 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and an average price target of $129.25.

Shares of Monolithic Power Systems (MPWR) opened at $119.99 on Monday. Monolithic Power Systems has a 12 month low of $84.45 and a 12 month high of $126.80. The stock has a market capitalization of $4,981.61, a price-to-earnings ratio of 74.53, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, December 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.69%.

In related news, VP Maurice Sciammas sold 5,607 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $123.06, for a total value of $689,997.42. Following the completion of the transaction, the vice president now owns 362,088 shares of the company’s stock, valued at approximately $44,558,549.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 462 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $120.68, for a total transaction of $55,754.16. Following the completion of the transaction, the chief financial officer now directly owns 41,160 shares of the company’s stock, valued at approximately $4,967,188.80. The disclosure for this sale can be found here. Insiders have sold a total of 97,994 shares of company stock valued at $11,845,568 in the last three months. Insiders own 4.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Simplex Trading LLC bought a new stake in Monolithic Power Systems in the fourth quarter worth about $102,000. State of Alaska Department of Revenue bought a new stake in Monolithic Power Systems in the fourth quarter worth about $120,000. Quantbot Technologies LP bought a new stake in Monolithic Power Systems in the second quarter worth about $121,000. D.A. Davidson & CO. lifted its stake in Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 172 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Monolithic Power Systems by 922.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,881 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 1,697 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

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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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