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

Monolithic Power Systems (NASDAQ:MPWR) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Monolithic Power Systems to post earnings of $3.96 per share for the quarter. Monolithic Power Systems has set its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. 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 Stock Performance

NASDAQ:MPWR opened at $901.29 on Monday. The company has a market capitalization of $43.94 billion, a PE ratio of 107.30, a P/E/G ratio of 4.06 and a beta of 1.11. The company has a 50 day simple moving average of $904.09 and a two-hundred day simple moving average of $817.98. Monolithic Power Systems has a fifty-two week low of $392.10 and a fifty-two week high of $959.64.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 59.52%.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the sale, the chief financial officer now owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Michael Hsing sold 2,790 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the completion of the sale, the chief executive officer now directly owns 865,332 shares in the company, valued at approximately $673,565,775.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $852.51, for a total transaction of $2,131,275.00. Following the sale, the chief financial officer now owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,136 shares of company stock worth $38,591,228. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MPWR shares. KeyCorp increased their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC raised their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Truist Financial restated a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Raymond James lifted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $959.90.

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.