Wall Street analysts expect Monolithic Power Systems Inc (NASDAQ:MPWR) to report $125.21 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Monolithic Power Systems’ earnings, with the lowest sales estimate coming in at $125.00 million and the highest estimate coming in at $125.70 million. Monolithic Power Systems posted sales of $100.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.8%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, April 30th.
According to Zacks, analysts expect that Monolithic Power Systems will report full-year sales of $563.07 million for the current year, with estimates ranging from $557.00 million to $567.40 million. For the next fiscal year, analysts anticipate that the business will post sales of $655.49 million per share, with estimates ranging from $635.00 million to $677.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Monolithic Power Systems.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The business had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. During the same period last year, the company posted $0.65 EPS. The company’s revenue was up 24.9% on a year-over-year basis.
In related news, VP Maurice Sciammas sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $125.02, for a total transaction of $175,028.00. Following the sale, the vice president now owns 419,782 shares in the company, valued at $52,481,145.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $120.66, for a total transaction of $54,297.00. Following the sale, the chief financial officer now owns 40,142 shares in the company, valued at approximately $4,843,533.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 356,141 shares of company stock worth $40,038,008. 4.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MPWR. Simplex Trading LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $102,000. Captrust Financial Advisors acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $106,000. State of Alaska Department of Revenue acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $120,000. Cerebellum GP LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $127,000. Finally, Zeke Capital Advisors LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 90.58% of the company’s stock.
Shares of MPWR traded up $0.01 during mid-day trading on Tuesday, reaching $119.01. 342,534 shares of the company’s stock were exchanged, compared to its average volume of 313,056. Monolithic Power Systems has a 52-week low of $89.67 and a 52-week high of $127.61. The stock has a market cap of $5,035.22, a price-to-earnings ratio of 64.33, a price-to-earnings-growth ratio of 2.50 and a beta of 1.28.
The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.01%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio (DPR) is 64.86%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.