Zacks: Brokerages Expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to Post $1.03 Earnings Per Share

Brokerages expect that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will post $1.03 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Monolithic Power Systems’ earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.04. Monolithic Power Systems reported earnings of $0.99 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 11th.

According to Zacks, analysts expect that Monolithic Power Systems will report full year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.87 to $3.90. For the next fiscal year, analysts forecast that the business will post earnings of $4.80 per share, with EPS estimates ranging from $4.50 to $5.23. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. Monolithic Power Systems had a return on equity of 15.23% and a net margin of 16.93%. The company had revenue of $168.80 million for the quarter, compared to the consensus estimate of $165.00 million. During the same period last year, the business posted $1.06 EPS. The company’s revenue was up 5.5% on a year-over-year basis.

MPWR has been the topic of several analyst reports. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday. Loop Capital set a $180.00 target price on Monolithic Power Systems and gave the company a “buy” rating in a research note on Friday, September 27th. Rosenblatt Securities initiated coverage on Monolithic Power Systems in a research note on Thursday. They issued a “buy” rating and a $185.00 target price on the stock. ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $158.50.

Shares of MPWR stock opened at $174.60 on Monday. The business’s 50 day moving average is $160.53 and its two-hundred day moving average is $147.49. Monolithic Power Systems has a twelve month low of $106.50 and a twelve month high of $176.13. The company has a market capitalization of $7.34 billion, a P/E ratio of 73.05, a price-to-earnings-growth ratio of 2.96 and a beta of 1.60.

In other news, VP Maurice Sciammas sold 4,742 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $160.61, for a total value of $761,612.62. Following the completion of the sale, the vice president now directly owns 354,943 shares of the company’s stock, valued at approximately $57,007,395.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 1,675 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $156.25, for a total value of $261,718.75. Following the completion of the sale, the chief financial officer now directly owns 95,093 shares of the company’s stock, valued at $14,858,281.25. The disclosure for this sale can be found here. Insiders sold a total of 187,675 shares of company stock valued at $29,442,672 over the last three months. Insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in shares of Monolithic Power Systems by 6.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,001 shares of the semiconductor company’s stock worth $271,000 after buying an additional 123 shares during the period. Arizona State Retirement System raised its stake in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 28,750 shares of the semiconductor company’s stock worth $3,904,000 after buying an additional 399 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Monolithic Power Systems by 1.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,573 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 114 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Monolithic Power Systems by 18.3% during the 2nd quarter. First Trust Advisors LP now owns 244,565 shares of the semiconductor company’s stock worth $33,207,000 after buying an additional 37,793 shares during the period. 96.64% of the stock is 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, 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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