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

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $4.01 per share and revenue of $608.09 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its 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). The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. 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 Price Performance

Shares of Monolithic Power Systems stock traded up $18.02 during trading on Thursday, hitting $636.78. 593,608 shares of the company were exchanged, compared to its average volume of 855,101. The firm has a market capitalization of $31.06 billion, a P/E ratio of 71.79, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The firm's fifty day moving average price is $608.30 and its 200 day moving average price is $762.75.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed 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. This represents a $5.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems's dividend payout ratio (DPR) is presently 56.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 target price on the stock. 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. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. TD Cowen lowered their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company initiated coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price target on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $828.67.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction 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. This represents a 4.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the company'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 completion of the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $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. In the last three months, insiders have sold 6,600 shares of company stock valued at $4,656,631. 3.70% of the stock is owned by 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.