Monolithic Power Systems (MPWR) to Release Earnings on Thursday

Monolithic Power Systems (NASDAQ:MPWR) is projected to release its earnings data after the market closes on Thursday, February 6th. Analysts expect Monolithic Power Systems to post earnings of $4.01 per share and revenue of $608.09 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $628.78 on Tuesday. The firm has a market capitalization of $30.67 billion, a price-to-earnings ratio of 70.89, a P/E/G ratio of 2.44 and a beta of 1.03. Monolithic Power Systems has a 52-week low of $546.71 and a 52-week high of $959.64. The stock has a fifty day moving average of $609.43 and a 200 day moving average of $759.83.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.80%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analysts Set New Price Targets

Several research firms have recently commented on MPWR. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer decreased their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday. TD Cowen decreased their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price on the stock in a research note on Monday, November 18th. Finally, Needham & Company LLC cut their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $820.33.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,100 shares of company stock valued at $2,724,231. 3.70% of the stock is currently owned by corporate insiders.

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.