Wall Street analysts expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to report sales of $165.05 million for the current quarter, Zacks reports. Seven analysts have made estimates for Monolithic Power Systems’ earnings. The lowest sales estimate is $164.95 million and the highest is $165.30 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 3.2%. The firm is expected to issue its next quarterly earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Monolithic Power Systems will report full-year sales of $619.67 million for the current fiscal year, with estimates ranging from $611.90 million to $623.20 million. For the next year, analysts expect that the business will report sales of $735.82 million, with estimates ranging from $705.70 million to $759.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.15). The business had revenue of $151.00 million during the quarter, compared to the consensus estimate of $150.56 million. Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share.
MPWR stock traded up $1.11 during mid-day trading on Friday, reaching $138.13. 912,446 shares of the stock traded hands, compared to its average volume of 358,622. Monolithic Power Systems has a 52 week low of $101.99 and a 52 week high of $163.21. The business has a 50-day moving average of $153.18 and a two-hundred day moving average of $142.77. The firm has a market capitalization of $5.92 billion, a PE ratio of 57.79, a P/E/G ratio of 2.25 and a beta of 1.61.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, September 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is 66.95%.
In other news, CFO Theodore Blegen sold 1,041 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $146.22, for a total transaction of $152,215.02. Following the completion of the transaction, the chief financial officer now owns 89,112 shares of the company’s stock, valued at $13,029,956.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Moyer sold 19,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $150.72, for a total transaction of $2,863,680.00. Following the transaction, the director now directly owns 418,260 shares of the company’s stock, valued at approximately $63,040,147.20. The disclosure for this sale can be found here. Insiders have sold 242,959 shares of company stock valued at $36,758,293 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Monolithic Power Systems by 4.0% during the second quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock valued at $598,366,000 after buying an additional 168,988 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 valued at $500,094,000 after buying an additional 105,831 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of 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 valued at $188,016,000 after buying an additional 86,100 shares during the last quarter. Waddell & Reed Financial Inc. raised its position in shares of 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 valued at $161,128,000 after buying an additional 11,093 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Monolithic Power Systems by 91.4% during the second quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock valued at $160,615,000 after buying an additional 564,907 shares during the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.
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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