Wall Street analysts expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will report $150.56 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Monolithic Power Systems’ earnings, with estimates ranging from $150.45 million to $150.70 million. Monolithic Power Systems posted sales of $139.76 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that Monolithic Power Systems will report full-year sales of $617.83 million for the current year, with estimates ranging from $611.39 million to $620.50 million. For the next year, analysts forecast that the business will post sales of $733.52 million, with estimates ranging from $705.68 million to $759.00 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. The firm had revenue of $141.40 million for the quarter, compared to analysts’ expectations of $141.11 million. Monolithic Power Systems had a net margin of 18.43% and a return on equity of 17.99%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS.
In other Monolithic Power Systems news, Director Jeff Zhou sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $148.50, for a total value of $297,000.00. Following the transaction, the director now directly owns 20,491 shares in the company, valued at approximately $3,042,913.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 in the company, valued at $13,029,956.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,856 shares of company stock worth $24,043,416. 3.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in MPWR. Dimensional Fund Advisors LP grew its position in Monolithic Power Systems by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 245,914 shares of the semiconductor company’s stock worth $28,587,000 after purchasing an additional 8,939 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Monolithic Power Systems by 607.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 16,592 shares of the semiconductor company’s stock valued at $1,929,000 after acquiring an additional 14,246 shares during the period. Suntrust Banks Inc. grew its position in shares of Monolithic Power Systems by 3.9% during the 4th quarter. Suntrust Banks Inc. now owns 2,425 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 91 shares during the period. MML Investors Services LLC grew its position in shares of Monolithic Power Systems by 2.8% during the 4th quarter. MML Investors Services LLC now owns 3,885 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 104 shares during the period. Finally, Gotham Asset Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $255,000. Institutional investors own 95.90% of the company’s stock.
NASDAQ MPWR traded down $1.04 during trading hours on Friday, reaching $149.87. The company’s stock had a trading volume of 6,485 shares, compared to its average volume of 265,422. The company has a market cap of $6.50 billion, a PE ratio of 62.78, a PEG ratio of 2.31 and a beta of 1.68. Monolithic Power Systems has a fifty-two week low of $101.99 and a fifty-two week high of $161.22. The business’s 50-day moving average price is $137.96.
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.40 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. Monolithic Power Systems’s dividend payout ratio (DPR) is 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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