Monolithic Power Systems, Inc. (NASDAQ:MPWR) Expected to Post Quarterly Sales of $165.57 Million

Equities analysts expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to post sales of $165.57 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Monolithic Power Systems’ earnings, with estimates ranging from $164.91 million to $166.33 million. Monolithic Power Systems posted sales of $159.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The firm is expected to announce its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Monolithic Power Systems will report full year sales of $617.83 million for the current year, with estimates ranging from $611.39 million to $620.50 million. For the next financial year, analysts anticipate that the company will report sales of $733.52 million, with estimates ranging from $705.68 million to $759.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 17.99% and a net margin of 18.43%. The firm had revenue of $151.00 million for the quarter, compared to analyst estimates of $150.56 million. During the same period last year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year.

MPWR has been the subject of several research reports. Needham & Company LLC cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Loop Capital started coverage on Monolithic Power Systems in a report on Tuesday, June 18th. They issued a “buy” rating and a $144.00 target price for the company. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. Finally, Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $147.14.

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,447 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $138.03, for a total value of $1,165,939.41. Following the sale, the chief executive officer now owns 1,098,591 shares of the company’s stock, valued at approximately $151,638,515.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Zhou sold 2,000 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $148.50, for a total value of $297,000.00. Following the completion of the sale, the director now directly owns 20,491 shares in the company, valued at approximately $3,042,913.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,358 shares of company stock worth $22,093,090. 3.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new position in Monolithic Power Systems during the 2nd quarter worth approximately $33,000. CWM LLC grew its stake in Monolithic Power Systems by 128.5% during the 1st quarter. CWM LLC now owns 377 shares of the semiconductor company’s stock worth $51,000 after buying an additional 212 shares during the last quarter. Advisory Services Network LLC grew its stake in Monolithic Power Systems by 36.4% during the 2nd quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock worth $59,000 after buying an additional 115 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Monolithic Power Systems by 98.2% during the 1st quarter. Quadrant Capital Group LLC now owns 672 shares of the semiconductor company’s stock worth $86,000 after buying an additional 333 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Monolithic Power Systems during the 1st quarter worth approximately $98,000. 95.90% of the stock is currently owned by institutional investors.

Shares of MPWR stock traded down $2.66 during trading hours on Friday, hitting $147.09. 7,839 shares of the company’s stock were exchanged, compared to its average volume of 241,762. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 61.95, a P/E/G ratio of 2.31 and a beta of 1.68. The business’s 50 day moving average price is $138.83. Monolithic Power Systems has a fifty-two week low of $101.99 and a fifty-two week high of $161.50.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, June 27th. Monolithic Power Systems’s payout ratio is 66.95%.

Monolithic Power Systems Company Profile

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 and Estimates for Monolithic Power Systems (NASDAQ:MPWR)

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