$0.74 EPS Expected for Monolithic Power Systems, Inc. (NASDAQ:MPWR) This Quarter

Wall Street analysts expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to post $0.74 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Monolithic Power Systems’ earnings, with estimates ranging from $0.68 to $0.76. Monolithic Power Systems reported earnings per share of $0.73 in the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The company is scheduled to report its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Monolithic Power Systems will report full year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.22 to $2.63. For the next financial year, analysts forecast that the company will post earnings of $3.65 per share, with EPS estimates ranging from $3.00 to $4.15. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The business had revenue of $151.00 million for the quarter, compared to analyst estimates of $150.56 million. During the same quarter last year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year.

A number of research analysts recently commented on MPWR shares. Loop Capital started coverage on Monolithic Power Systems in a research note 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 research note on Friday, July 26th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Monolithic Power Systems currently has an average rating of “Buy” and an average price target of $150.63.

In other news, CFO Theodore Blegen sold 905 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.56, for a total transaction of $126,301.80. Following the sale, the chief financial officer now owns 92,790 shares in the company, valued at $12,949,772.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Maurice Sciammas sold 7,979 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $131.09, for a total value of $1,045,967.11. Following the sale, the vice president now owns 393,823 shares in the company, valued at approximately $51,626,257.07. The disclosure for this sale can be found here. Insiders have sold 206,454 shares of company stock valued at $29,967,949 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Monolithic Power Systems by 4.0% in the second quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock valued at $598,366,000 after acquiring an additional 168,988 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Monolithic Power Systems by 3.0% during the second quarter. Vanguard Group Inc. now owns 3,683,123 shares of the semiconductor company’s stock worth $500,094,000 after buying an additional 105,831 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Monolithic Power Systems by 6.6% during the second quarter. Wells Fargo & Company MN now owns 1,384,712 shares of the semiconductor company’s stock worth $188,016,000 after buying an additional 86,100 shares during the last quarter. Waddell & Reed Financial Inc. boosted its holdings in Monolithic Power Systems by 0.9% during the second quarter. Waddell & Reed Financial Inc. now owns 1,186,682 shares of the semiconductor company’s stock worth $161,128,000 after buying an additional 11,093 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Monolithic Power Systems by 91.4% during the second quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock worth $160,615,000 after buying an additional 564,907 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Shares of MPWR stock traded down $1.47 during trading hours on Monday, reaching $160.08. 11,601 shares of the company’s stock were exchanged, compared to its average volume of 217,874. Monolithic Power Systems has a fifty-two week low of $101.99 and a fifty-two week high of $163.21. The stock has a market capitalization of $6.98 billion, a P/E ratio of 67.07, a P/E/G ratio of 2.56 and a beta of 1.63. The business has a fifty day moving average price of $150.54 and a 200-day moving average price of $140.54.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 27th. This represents a $1.60 annualized dividend and a yield of 1.00%. Monolithic Power Systems’s dividend payout ratio is currently 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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