Equities research analysts expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will report $141.16 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Monolithic Power Systems’ earnings, with estimates ranging from $140.96 million to $141.50 million. Monolithic Power Systems posted sales of $129.15 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The business is scheduled to report its next earnings results on Monday, April 29th.
On average, analysts expect that Monolithic Power Systems will report full year sales of $638.09 million for the current year, with estimates ranging from $631.00 million to $655.54 million. For the next financial year, analysts expect that the business will post sales of $756.09 million, with estimates ranging from $745.40 million to $773.00 million. Zacks’ sales 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 announced its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.31. Monolithic Power Systems had a return on equity of 18.22% and a net margin of 18.08%. The business had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.63 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis.
Monolithic Power Systems stock traded up $3.38 during midday trading on Friday, reaching $152.24. The stock had a trading volume of 236,589 shares, compared to its average volume of 302,526. Monolithic Power Systems has a twelve month low of $101.99 and a twelve month high of $152.36. The stock has a market capitalization of $6.39 billion, a P/E ratio of 63.70, a PEG ratio of 2.08 and a beta of 1.43.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a $0.40 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.05%. Monolithic Power Systems’s payout ratio is 66.95%.
In related news, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $143.93, for a total value of $2,158,950.00. Following the transaction, the director now owns 515,664 shares in the company, valued at $74,219,519.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 899 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $123.50, for a total value of $111,026.50. Following the completion of the transaction, the chief financial officer now owns 53,907 shares in the company, valued at approximately $6,657,514.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 399,533 shares of company stock worth $53,722,602. Insiders own 4.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in shares of Monolithic Power Systems by 0.4% during the fourth quarter. Millennium Management LLC now owns 85,149 shares of the semiconductor company’s stock valued at $9,899,000 after purchasing an additional 361 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $252,000. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 6.2% during the third quarter. Vanguard Group Inc. now owns 3,553,528 shares of the semiconductor company’s stock worth $446,074,000 after buying an additional 208,362 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $220,000. Finally, Renaissance Group LLC boosted its position in shares of Monolithic Power Systems by 4.3% during the fourth quarter. Renaissance Group LLC now owns 4,076 shares of the semiconductor company’s stock worth $474,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 99.17% of the company’s stock.
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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