Monolithic Power Systems (NASDAQ:MPWR) issued its quarterly earnings results on Tuesday. The semiconductor company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.08, MarketWatch Earnings reports. Monolithic Power Systems had a return on equity of 15.41% and a net margin of 18.60%. The firm had revenue of $186.21 million during the quarter, compared to analysts’ expectations of $169.79 million. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. Monolithic Power Systems updated its Q3 2020
After-Hours guidance to EPS.

MPWR traded down $6.96 during mid-day trading on Friday, hitting $262.79. 5,470 shares of the stock were exchanged, compared to its average volume of 286,799. The company has a market cap of $11.82 billion, a PE ratio of 96.11, a PEG ratio of 3.93 and a beta of 1.22. The firm’s fifty day moving average is $236.49 and its two-hundred day moving average is $195.56. Monolithic Power Systems has a 1-year low of $130.12 and a 1-year high of $271.79.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.76%. The ex-dividend date was Monday, June 29th. Monolithic Power Systems’s payout ratio is 79.05%.

MPWR has been the subject of several analyst reports. Needham & Company LLC upped their target price on Monolithic Power Systems from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday. SunTrust Banks increased their price target on Monolithic Power Systems from $212.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Deutsche Bank increased their price target on Monolithic Power Systems from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. Loop Capital lowered their price target on Monolithic Power Systems from $210.00 to $195.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $300.00 price target (up from $270.00) on shares of Monolithic Power Systems in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Monolithic Power Systems has an average rating of “Buy” and a consensus target price of $262.22.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,177 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.67, for a total value of $662,944.59. Following the sale, the chief financial officer now owns 139,067 shares of the company’s stock, valued at approximately $29,019,110.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Saria Tseng sold 6,495 shares of the stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $246.06, for a total value of $1,598,159.70. Following the completion of the sale, the vice president now directly owns 274,775 shares in the company, valued at approximately $67,611,136.50. The disclosure for this sale can be found here. Insiders sold a total of 103,681 shares of company stock worth $23,000,455 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

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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Earnings History for Monolithic Power Systems (NASDAQ:MPWR)

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