Wall Street brokerages forecast that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will post earnings per share of $1.00 for the current quarter, Zacks reports. Six analysts have issued estimates for Monolithic Power Systems’ earnings, with estimates ranging from $0.99 to $1.03. Monolithic Power Systems posted earnings of $0.92 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The firm is expected to report its next quarterly earnings report on Wednesday, July 29th.
According to Zacks, analysts expect that Monolithic Power Systems will report full year earnings of $4.11 per share for the current fiscal year, with EPS estimates ranging from $3.91 to $4.40. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.18 per share, with EPS estimates ranging from $4.73 to $5.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.01. The firm had revenue of $165.78 million during the quarter, compared to the consensus estimate of $161.15 million. Monolithic Power Systems had a return on equity of 14.87% and a net margin of 18.15%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share.
Several equities research analysts have recently weighed in on MPWR shares. ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Raymond James raised their price target on Monolithic Power Systems from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 15th. Oppenheimer assumed coverage on Monolithic Power Systems in a research report on Thursday. They issued a “buy” rating and a $210.00 price target for the company. Finally, Deutsche Bank raised their price target on Monolithic Power Systems from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $207.22.
MPWR stock opened at $202.18 on Monday. The company has a market capitalization of $9.06 billion, a P/E ratio of 82.97, a PEG ratio of 3.02 and a beta of 1.24. Monolithic Power Systems has a twelve month low of $114.84 and a twelve month high of $219.57. The business has a 50 day simple moving average of $186.41 and a 200-day simple moving average of $174.09.
In other Monolithic Power Systems news, insider Deming Xiao sold 49,161 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $185.01, for a total value of $9,095,276.61. Following the sale, the insider now directly owns 347,097 shares of the company’s stock, valued at approximately $64,216,415.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James C. Moyer sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $195.34, for a total value of $1,953,400.00. Following the completion of the sale, the director now directly owns 304,308 shares in the company, valued at $59,443,524.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,242 shares of company stock worth $38,838,244. Corporate insiders own 3.00% of the company’s stock.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Monolithic Power Systems by 1.7% in the 1st quarter. BlackRock Inc. now owns 4,662,142 shares of the semiconductor company’s stock worth $780,724,000 after buying an additional 76,946 shares during the last quarter. Wellington Management Group LLP boosted its stake in Monolithic Power Systems by 15.2% in the 1st quarter. Wellington Management Group LLP now owns 2,070,255 shares of the semiconductor company’s stock worth $346,685,000 after buying an additional 273,269 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in Monolithic Power Systems by 9.2% in the 1st quarter. Wasatch Advisors Inc. now owns 1,367,953 shares of the semiconductor company’s stock worth $229,077,000 after buying an additional 115,564 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Monolithic Power Systems by 19.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,138,693 shares of the semiconductor company’s stock valued at $202,710,000 after purchasing an additional 187,211 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Monolithic Power Systems by 1.2% in the 1st quarter. State Street Corp now owns 1,067,484 shares of the semiconductor company’s stock valued at $179,291,000 after purchasing an additional 12,863 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.
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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