Monolithic Power Systems, Inc. (MPWR) Expected to Post Earnings of $0.90 Per Share

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Brokerages expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will announce earnings of $0.90 per share for the current quarter, Zacks reports. Eight analysts have made estimates for Monolithic Power Systems’ earnings, with estimates ranging from $0.89 to $0.91. Monolithic Power Systems posted earnings of $0.68 per share during the same quarter last year, which indicates a positive year over year growth rate of 32.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, July 25th.

On average, analysts expect that Monolithic Power Systems will report full year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.67 to $3.80. For the next year, analysts forecast that the firm will report earnings of $4.58 per share, with EPS estimates ranging from $4.39 to $4.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Monolithic Power Systems had a net margin of 14.52% and a return on equity of 17.04%. The firm had revenue of $129.20 million during the quarter, compared to analyst estimates of $125.18 million. During the same period last year, the business earned $0.58 earnings per share. The business’s revenue was up 28.7% on a year-over-year basis.

Several equities analysts have recently issued reports on the stock. Raymond James assumed coverage on shares of Monolithic Power Systems in a report on Thursday, April 12th. They set a “strong-buy” rating and a $140.00 target price for the company. Cowen assumed coverage on shares of Monolithic Power Systems in a report on Thursday, May 17th. They set an “outperform” rating and a $150.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Tuesday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Monolithic Power Systems in a report on Friday, June 8th. Finally, BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, March 30th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus target price of $145.22.

In related news, CEO Michael Hsing sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $111.90, for a total value of $2,238,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,224,789 shares in the company, valued at approximately $137,053,889.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Maurice Sciammas sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $125.02, for a total transaction of $175,028.00. Following the completion of the transaction, the vice president now owns 419,782 shares of the company’s stock, valued at $52,481,145.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,576 shares of company stock valued at $17,383,789. 4.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors purchased a new position in Monolithic Power Systems in the 4th quarter worth approximately $106,000. Zeke Capital Advisors LLC purchased a new position in Monolithic Power Systems in the 4th quarter worth approximately $201,000. Suntrust Banks Inc. purchased a new position in Monolithic Power Systems in the 4th quarter worth approximately $204,000. Campbell & CO Investment Adviser LLC bought a new stake in Monolithic Power Systems in the 1st quarter worth approximately $206,000. Finally, Lido Advisors LLC bought a new stake in Monolithic Power Systems in the 1st quarter worth approximately $226,000. Institutional investors own 91.47% of the company’s stock.

Monolithic Power Systems opened at $138.54 on Friday, Marketbeat reports. Monolithic Power Systems has a 52-week low of $94.24 and a 52-week high of $142.56. The company has a market cap of $5.95 billion, a PE ratio of 74.89, a price-to-earnings-growth ratio of 3.19 and a beta of 1.32.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a $0.30 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems’s payout ratio is currently 64.86%.

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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