Analysts Anticipate Monolithic Power Systems, Inc. (MPWR) to Post $0.81 EPS
Wall Street brokerages predict that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will announce earnings per share of $0.81 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Monolithic Power Systems’ earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.79. 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 firm is scheduled to issue its next earnings report 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 year, with EPS estimates ranging from $2.89 to $2.93. For the next financial year, analysts forecast that the business will report earnings of $3.65 per share, with EPS estimates ranging from $3.49 to $3.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The firm had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $126.11 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 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share.
A number of analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price for the company in a research note on Thursday, November 2nd. Oppenheimer lifted their target price on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a research note on Friday, October 27th. Finally, Deutsche Bank boosted their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $129.25.
Shares of Monolithic Power Systems (MPWR) opened at $120.07 on Wednesday. The stock has a market cap of $4,965.42, a P/E ratio of 72.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. Monolithic Power Systems has a one year low of $82.20 and a one year high of $126.80.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.69%.
In related news, VP Maurice Sciammas sold 1,693 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $114.66, for a total transaction of $194,119.38. Following the transaction, the vice president now owns 360,395 shares of the company’s stock, valued at $41,322,890.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $108.40, for a total transaction of $1,626,000.00. The disclosure for this sale can be found here. Insiders have sold 97,994 shares of company stock worth $11,636,168 in the last ninety days. 4.00% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in Monolithic Power Systems in the 2nd quarter valued at $121,000. D.A. Davidson & CO. increased its holdings in Monolithic Power Systems by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 172 shares during the period. Riverhead Capital Management LLC increased its holdings in Monolithic Power Systems by 74.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 897 shares during the period. 1st Global Advisors Inc. bought a new stake in Monolithic Power Systems in the 2nd quarter valued at $209,000. Finally, FDx Advisors Inc. bought a new stake in Monolithic Power Systems in the 3rd quarter valued at $221,000. 93.85% of the stock is currently owned by hedge funds and other institutional investors.
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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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