Equities research analysts expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will post earnings of $0.81 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Monolithic Power Systems’ earnings. The highest EPS estimate is $0.82 and the lowest is $0.79. Monolithic Power Systems posted earnings of $0.65 per share during the same quarter last year, which would indicate a positive year over year growth rate of 24.6%. The firm is scheduled to report its next earnings results after the market closes on Thursday, February 8th.
On average, analysts expect that Monolithic Power Systems will report full-year earnings of $2.91 per share for the current fiscal year, with EPS estimates ranging from $2.89 to $2.93. For the next year, analysts expect that the company will report earnings of $3.65 per share, with EPS estimates ranging from $3.49 to $3.75. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Monolithic Power Systems.
Several equities research analysts recently commented on the company. KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research report on Friday, October 27th. Stifel Nicolaus upped their price target on Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Deutsche Bank upped their price target 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. SunTrust Banks started coverage on Monolithic Power Systems in a research note on Tuesday, October 10th. They set a “buy” rating and a $132.00 price target on the stock. Finally, BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $129.25.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, December 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.69%.
In other news, CEO Michael Hsing sold 18,817 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $119.63, for a total value of $2,251,077.71. Following the completion of the transaction, the chief executive officer now directly owns 1,106,269 shares of the company’s stock, valued at $132,342,960.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $120.66, for a total value of $54,297.00. Following the completion of the transaction, the chief financial officer now directly owns 40,142 shares of the company’s stock, valued at $4,843,533.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,399 shares of company stock valued at $10,919,514. Company insiders own 4.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Simplex Trading LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $102,000. State of Alaska Department of Revenue bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $120,000. Cerebellum GP LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $127,000. D.A. Davidson & CO. grew its holdings in shares of 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 valued at $141,000 after acquiring an additional 172 shares in the last quarter. Finally, Alps Advisors Inc. bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $206,000. 93.28% of the stock is owned by institutional investors.
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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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