Wall Street brokerages predict that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will announce earnings of $0.82 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Monolithic Power Systems’ earnings, with estimates ranging from $0.79 to $0.84. Monolithic Power Systems posted earnings of $0.66 per share in the same quarter last year, which would suggest a positive year over year growth rate of 24.2%. The business is scheduled to issue its next quarterly earnings report on Monday, October 30th.

On average, analysts expect that Monolithic Power Systems will report full-year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.82 to $2.93. For the next financial year, analysts anticipate that the business will post earnings of $3.61 per share, with EPS estimates ranging from $3.44 to $3.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The company had revenue of $112.20 million during the quarter, compared to analyst estimates of $110.94 million. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis.

MPWR has been the subject of a number of research analyst reports. BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. KeyCorp reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Monolithic Power Systems in a research report on Friday, September 1st. Zacks Investment Research upgraded Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Oppenheimer Holdings, Inc. set a $120.00 target price on Monolithic Power Systems and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $112.63.

In related news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $97.65, for a total value of $1,464,750.00. Following the completion of the sale, the director now directly owns 790,758 shares in the company, valued at $77,217,518.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Maurice Sciammas sold 10,828 shares of Monolithic Power Systems stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $101.60, for a total value of $1,100,124.80. Following the completion of the sale, the vice president now owns 374,994 shares of the company’s stock, valued at $38,099,390.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,819 shares of company stock valued at $11,472,966. 4.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MPWR. HWG Holdings LP raised its holdings in shares of Monolithic Power Systems by 123.5% in the 2nd quarter. HWG Holdings LP now owns 21,579 shares of the semiconductor company’s stock valued at $2,080,000 after purchasing an additional 11,925 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its position in shares of Monolithic Power Systems by 18.2% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 30,395 shares of the semiconductor company’s stock worth $2,930,000 after purchasing an additional 4,680 shares during the period. Wasatch Advisors Inc. lifted its position in shares of Monolithic Power Systems by 4.7% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,017,256 shares of the semiconductor company’s stock worth $98,063,000 after purchasing an additional 46,077 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Monolithic Power Systems by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,289 shares of the semiconductor company’s stock worth $7,451,000 after purchasing an additional 779 shares during the period. Finally, 1st Global Advisors Inc. purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $209,000. 93.19% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems (NASDAQ:MPWR) traded up 0.18% during mid-day trading on Tuesday, reaching $107.74. 47,353 shares of the company traded hands. Monolithic Power Systems has a 12-month low of $75.04 and a 12-month high of $108.24. The company’s 50 day moving average price is $101.87 and its 200 day moving average price is $97.98. The firm has a market capitalization of $4.46 billion, a P/E ratio of 75.98 and a beta of 1.26.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.80 annualized dividend and a yield of 0.74%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.74%.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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