Zacks: Analysts Expect Monolithic Power Systems, Inc. (MPWR) Will Announce Quarterly Sales of $158.59 Million

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Analysts expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to announce sales of $158.59 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Monolithic Power Systems’ earnings, with estimates ranging from $158.40 million to $159.00 million. Monolithic Power Systems reported sales of $128.94 million in the same quarter last year, which indicates a positive year-over-year growth rate of 23%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Monolithic Power Systems will report full-year sales of $581.44 million for the current fiscal year, with estimates ranging from $577.12 million to $582.70 million. For the next financial year, analysts anticipate that the company will report sales of $681.75 million, with estimates ranging from $648.32 million to $703.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.90. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The firm had revenue of $139.76 million during the quarter, compared to analysts’ expectations of $139.45 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Monday, October 8th. ValuEngine lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. BidaskClub lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Raymond James lowered Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 price target on the stock. in a report on Tuesday, September 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $155.00 price target on shares of Monolithic Power Systems in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $155.38.

Shares of Monolithic Power Systems stock traded up $3.07 during trading on Friday, reaching $113.96. The stock had a trading volume of 625,616 shares, compared to its average volume of 364,601. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 61.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53. Monolithic Power Systems has a 52 week low of $103.14 and a 52 week high of $152.21.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. Monolithic Power Systems’s dividend payout ratio (DPR) is 64.86%.

In related news, insider Deming Xiao sold 3,019 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $135.45, for a total transaction of $408,923.55. Following the sale, the insider now owns 326,720 shares in the company, valued at $44,254,224. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $116.55, for a total value of $1,748,250.00. Following the sale, the director now owns 611,815 shares in the company, valued at approximately $71,307,038.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,129 shares of company stock worth $24,183,574. Corporate insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zevenbergen Capital Investments LLC raised its holdings in Monolithic Power Systems by 0.5% during the second quarter. Zevenbergen Capital Investments LLC now owns 635,530 shares of the semiconductor company’s stock worth $84,951,000 after acquiring an additional 3,070 shares in the last quarter. Verition Fund Management LLC bought a new stake in Monolithic Power Systems during the second quarter worth about $1,420,000. Laurion Capital Management LP acquired a new position in Monolithic Power Systems during the second quarter worth approximately $279,000. Janus Henderson Group PLC increased its position in Monolithic Power Systems by 6.0% during the second quarter. Janus Henderson Group PLC now owns 268,692 shares of the semiconductor company’s stock worth $35,916,000 after buying an additional 15,237 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in Monolithic Power Systems during the second quarter worth approximately $1,962,000. Institutional investors and hedge funds own 93.63% of the company’s stock.

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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