Monolithic Power Systems (MPWR) Scheduled to Post Earnings on Thursday

Monolithic Power Systems (NASDAQ:MPWR) is scheduled to release its earnings data after the market closes on Thursday, August 1st. Analysts expect Monolithic Power Systems to post earnings of $3.07 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. On average, analysts expect Monolithic Power Systems to post $10 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Monolithic Power Systems Trading Down 5.5 %

Shares of NASDAQ:MPWR opened at $781.85 on Wednesday. Monolithic Power Systems has a 1 year low of $392.10 and a 1 year high of $891.67. The business has a fifty day simple moving average of $806.71 and a 200 day simple moving average of $724.42. The firm has a market cap of $38.06 billion, a price-to-earnings ratio of 93.19, a P/E/G ratio of 4.11 and a beta of 1.11.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.64%. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MPWR shares. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. KeyCorp increased their price objective on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Rosenblatt Securities increased their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday. Finally, Oppenheimer raised their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $822.38.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 10,999 shares of Monolithic Power Systems stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $843.83, for a total value of $9,281,286.17. Following the transaction, the executive vice president now directly owns 118,876 shares in the company, valued at $100,311,135.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Maurice Sciammas sold 10,999 shares of Monolithic Power Systems stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $843.83, for a total value of $9,281,286.17. Following the transaction, the executive vice president now directly owns 118,876 shares in the company, valued at $100,311,135.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 2,824 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.00, for a total value of $1,948,560.00. Following the completion of the transaction, the chief executive officer now owns 888,408 shares in the company, valued at $613,001,520. The disclosure for this sale can be found here. Insiders have sold a total of 86,209 shares of company stock worth $69,015,793 over the last three months. Corporate insiders own 3.20% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.