Wall Street analysts expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to announce earnings per share (EPS) of $0.99 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Monolithic Power Systems’ earnings, with estimates ranging from $0.98 to $1.00. Monolithic Power Systems reported earnings per share of $0.82 during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.7%. The firm is expected to report its next quarterly earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Monolithic Power Systems will report full year earnings of $3.74 per share for the current financial year, with EPS estimates ranging from $3.73 to $3.75. For the next financial year, analysts expect that the business will post earnings of $4.44 per share, with EPS estimates ranging from $4.23 to $4.64. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.73 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The company had revenue of $159.98 million for the quarter, compared to analyst estimates of $158.59 million. Monolithic Power Systems had a net margin of 16.07% and a return on equity of 18.51%.
Several equities analysts have recently weighed in on MPWR shares. ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. KeyCorp decreased their price target on shares of Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $155.00 price target on shares of Monolithic Power Systems in a research note on Thursday, September 13th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $151.00.
In related news, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $146.27, for a total transaction of $2,194,050.00. Following the completion of the sale, the director now directly owns 626,815 shares in the company, valued at $91,684,230.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 35,171 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $134.77, for a total transaction of $4,739,995.67. Following the sale, the chief executive officer now owns 1,074,394 shares of the company’s stock, valued at $144,796,079.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,264 shares of company stock valued at $16,009,687. 4.00% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC increased its position in Monolithic Power Systems by 18.8% during the second quarter. Lido Advisors LLC now owns 2,329 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 369 shares during the last quarter. Polen Capital Management LLC increased its position in Monolithic Power Systems by 12.1% during the second quarter. Polen Capital Management LLC now owns 3,578 shares of the semiconductor company’s stock worth $478,000 after purchasing an additional 387 shares during the last quarter. Intrust Bank NA increased its position in Monolithic Power Systems by 8.3% during the second quarter. Intrust Bank NA now owns 5,705 shares of the semiconductor company’s stock worth $762,000 after purchasing an additional 437 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Monolithic Power Systems by 38.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,059 shares of the semiconductor company’s stock worth $275,000 after purchasing an additional 577 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Monolithic Power Systems by 4.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 15,273 shares of the semiconductor company’s stock valued at $1,917,000 after acquiring an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.
MPWR stock traded down $3.71 during midday trading on Friday, hitting $121.83. 274,032 shares of the stock traded hands, compared to its average volume of 313,705. The firm has a market cap of $5.32 billion, a PE ratio of 65.85, a P/E/G ratio of 2.04 and a beta of 1.51. Monolithic Power Systems has a 1-year low of $101.99 and a 1-year high of $152.21.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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