Zacks: Brokerages Anticipate Monolithic Power Systems, Inc. (NASDAQ:MPWR) Will Post Earnings of $1.33 Per Share

Wall Street brokerages expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to post earnings of $1.33 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Monolithic Power Systems’ earnings, with the lowest EPS estimate coming in at $1.31 and the highest estimate coming in at $1.39. Monolithic Power Systems reported earnings per share of $0.95 in the same quarter last year, which suggests a positive year-over-year growth rate of 40%. The business is scheduled to report its next quarterly earnings results on Tuesday, April 27th.

On average, analysts expect that Monolithic Power Systems will report full year earnings of $5.77 per share for the current financial year, with EPS estimates ranging from $5.55 to $5.91. For the next fiscal year, analysts expect that the company will post earnings of $6.82 per share, with EPS estimates ranging from $6.12 to $7.30. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 4th. The semiconductor company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.51. Monolithic Power Systems had a net margin of 19.78% and a return on equity of 17.95%.

A number of research analysts have issued reports on MPWR shares. Raymond James boosted their target price on Monolithic Power Systems from $336.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Monolithic Power Systems from $335.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 5th. Oppenheimer restated a “buy” rating and set a $350.00 target price on shares of Monolithic Power Systems in a report on Friday, October 30th. Truist upped their price target on shares of Monolithic Power Systems from $346.00 to $445.00 in a report on Friday, January 15th. Finally, Loop Capital raised their price objective on shares of Monolithic Power Systems from $350.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, February 8th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Monolithic Power Systems has a consensus rating of “Buy” and an average target price of $369.00.

Shares of MPWR traded down $11.48 during trading hours on Tuesday, reaching $361.18. The stock had a trading volume of 11,479 shares, compared to its average volume of 707,895. The company has a market cap of $16.29 billion, a P/E ratio of 113.27, a P/E/G ratio of 4.04 and a beta of 0.93. Monolithic Power Systems has a 52 week low of $130.12 and a 52 week high of $406.75. The firm has a 50-day moving average of $379.54 and a 200 day moving average of $320.78.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, March 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.50. Monolithic Power Systems’s dividend payout ratio is currently 79.05%.

In related news, insider Deming Xiao sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $398.00, for a total value of $1,990,000.00. Following the completion of the sale, the insider now directly owns 332,847 shares in the company, valued at approximately $132,473,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $388.00, for a total value of $77,600.00. Following the transaction, the director now owns 11,509 shares of the company’s stock, valued at approximately $4,465,492. The disclosure for this sale can be found here. Insiders sold 261,466 shares of company stock valued at $96,455,299 over the last three months. 3.00% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of MPWR. Navellier & Associates Inc raised its stake in Monolithic Power Systems by 2.9% in the 4th quarter. Navellier & Associates Inc now owns 27,806 shares of the semiconductor company’s stock valued at $10,183,000 after acquiring an additional 785 shares during the period. AQR Capital Management LLC raised its holdings in Monolithic Power Systems by 30.6% in the 3rd quarter. AQR Capital Management LLC now owns 42,036 shares of the semiconductor company’s stock valued at $11,654,000 after acquiring an additional 9,859 shares during the period. AlphaStar Capital Management LLC lifted its position in Monolithic Power Systems by 41.1% during the fourth quarter. AlphaStar Capital Management LLC now owns 13,352 shares of the semiconductor company’s stock worth $5,063,000 after acquiring an additional 3,886 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $28,393,000. Finally, Oak Ridge Investments LLC grew its position in shares of Monolithic Power Systems by 0.8% in the third quarter. Oak Ridge Investments LLC now owns 5,111 shares of the semiconductor company’s stock valued at $1,429,000 after purchasing an additional 41 shares during the last quarter. 93.33% of the stock is currently owned by institutional investors and hedge funds.

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, automotive, industrial, communications, and consumer applications 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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