Monolithic Power Systems, Inc. (NASDAQ:MPWR) Issues Earnings Results, Beats Expectations By $0.01 EPS

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01, Briefing.com reports. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. During the same quarter in the prior year, the company earned $0.54 EPS. The company’s revenue was up 19.3% compared to the same quarter last year.

Monolithic Power Systems (NASDAQ:MPWR) traded up 0.11% on Friday, hitting $101.55. 188,146 shares of the company’s stock were exchanged. The company has a market cap of $4.20 billion, a PE ratio of 71.61 and a beta of 1.23. The company’s 50-day moving average price is $99.72 and its 200-day moving average price is $93.86. Monolithic Power Systems has a 12-month low of $70.00 and a 12-month high of $107.87.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.79%. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.

In other news, Director James C. Moyer sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $95.41, for a total transaction of $190,820.00. Following the completion of the sale, the director now owns 805,758 shares in the company, valued at approximately $76,877,370.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 462 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $102.60, for a total transaction of $47,401.20. Following the sale, the chief financial officer now owns 42,353 shares of the company’s stock, valued at approximately $4,345,417.80. The disclosure for this sale can be found here. Insiders have sold a total of 89,197 shares of company stock valued at $8,748,708 in the last 90 days. Insiders own 4.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. TrimTabs Asset Management LLC acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $128,000. Whittier Trust Co. of Nevada Inc. increased its stake in Monolithic Power Systems by 115.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 832 shares during the period. Segantii Capital Management Ltd acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $157,000. Fortaleza Asset Management Inc. increased its stake in Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after buying an additional 640 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

A number of research firms recently commented on MPWR. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price (up previously from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 target price (up previously from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Monolithic Power Systems and gave the company a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BidaskClub cut shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Monolithic Power Systems currently has an average rating of “Buy” and an average target price of $112.29.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.