Monolithic Power Systems (MPWR) Releases Earnings Results, Beats Estimates By $0.02 EPS

Monolithic Power Systems (NASDAQ:MPWR) posted its quarterly earnings data on Thursday. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02, Bloomberg Earnings reports. The business had revenue of $129.43 million during the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share.

Monolithic Power Systems (NASDAQ MPWR) opened at $103.82 on Friday. Monolithic Power Systems has a 52-week low of $84.45 and a 52-week high of $126.80. The company has a market cap of $4,310.00, a P/E ratio of 64.09, a P/E/G ratio of 2.47 and a beta of 1.26.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, December 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.38%.

A number of equities analysts have recently weighed in on MPWR shares. KeyCorp reissued a “buy” rating and issued a $125.00 price objective on shares of Monolithic Power Systems in a research report on Friday, October 27th. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Deutsche Bank boosted their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $129.25.

In related news, CEO Michael Hsing sold 18,817 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $119.63, for a total transaction of $2,251,077.71. Following the completion of the transaction, the chief executive officer now owns 1,106,269 shares of the company’s stock, valued at $132,342,960.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $113.70, for a total transaction of $1,705,500.00. Following the transaction, the director now directly owns 720,225 shares of the company’s stock, valued at approximately $81,889,582.50. The disclosure for this sale can be found here. Insiders have sold 92,399 shares of company stock valued at $10,919,514 in the last ninety days. 4.00% of the stock is currently owned by company insiders.

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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.

Earnings History for Monolithic Power Systems (NASDAQ:MPWR)

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