Monolithic Power Systems (MPWR) Expected to Announce Earnings on Thursday

Monolithic Power Systems (NASDAQ:MPWR) is expected 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. On average, analysts expect Monolithic Power Systems to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $618.76 on Thursday. The stock has a market capitalization of $30.18 billion, a PE ratio of 69.76, a P/E/G ratio of 2.64 and a beta of 1.03. The stock has a 50-day simple moving average of $606.88 and a 200 day simple moving average of $763.63. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.81%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the transaction, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at $43,809,826.88. The trade was a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,600 shares of company stock valued at $4,656,631. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MPWR shares. KeyCorp dropped their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Truist Financial reaffirmed a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target for the company in a report on Monday, November 18th. Finally, Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $828.67.

Monolithic Power Systems Company Profile

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.