Wall Street brokerages expect Monolithic Power Systems, Inc. (NASDAQ:MPWR) to announce sales of $154.03 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Monolithic Power Systems’ earnings, with the lowest sales estimate coming in at $154.00 million and the highest estimate coming in at $154.10 million. Monolithic Power Systems reported sales of $129.43 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, February 12th.
On average, analysts expect that Monolithic Power Systems will report full-year sales of $582.94 million for the current financial year, with estimates ranging from $582.89 million to $583.00 million. For the next fiscal year, analysts forecast that the business will report sales of $668.69 million, with estimates ranging from $655.54 million to $687.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Monolithic Power Systems.
MPWR has been the subject of a number of recent research reports. Cowen reduced their price objective on shares of Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. BidaskClub upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. KeyCorp cut their target price on shares of Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, October 16th. Finally, Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $150.13.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.30 dividend. The ex-dividend date was Friday, December 28th. This represents a $1.20 annualized dividend and a yield of 0.95%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 64.86%.
In other Monolithic Power Systems news, CEO Michael Hsing sold 15,867 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $121.73, for a total transaction of $1,931,489.91. Following the completion of the sale, the chief executive officer now directly owns 1,109,565 shares in the company, valued at $135,067,347.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deming Xiao sold 4,819 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $121.73, for a total transaction of $586,616.87. Following the sale, the insider now owns 318,312 shares of the company’s stock, valued at $38,748,119.76. The disclosure for this sale can be found here. Insiders sold a total of 108,205 shares of company stock valued at $13,662,491 over the last quarter. 4.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of MPWR. Dimensional Fund Advisors LP lifted its position in Monolithic Power Systems by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 232,282 shares of the semiconductor company’s stock worth $31,050,000 after acquiring an additional 4,629 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Monolithic Power Systems during the second quarter worth approximately $507,000. Tower Research Capital LLC TRC lifted its position in Monolithic Power Systems by 38.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,059 shares of the semiconductor company’s stock worth $275,000 after acquiring an additional 577 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Monolithic Power Systems by 46.1% during the second quarter. Advisors Asset Management Inc. now owns 28,476 shares of the semiconductor company’s stock worth $3,806,000 after acquiring an additional 8,979 shares during the last quarter. Finally, United Services Automobile Association lifted its position in Monolithic Power Systems by 13.2% during the second quarter. United Services Automobile Association now owns 24,014 shares of the semiconductor company’s stock worth $3,210,000 after acquiring an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 94.66% of the company’s stock.
About Monolithic Power Systems
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.
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