Brokerages forecast that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will announce sales of $126.16 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Monolithic Power Systems’ earnings, with estimates ranging from $124.50 million to $128.05 million. Monolithic Power Systems reported sales of $106.46 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, October 30th.

According to Zacks, analysts expect that Monolithic Power Systems will report full year sales of $126.16 million for the current financial year, with estimates ranging from $457.40 million to $468.33 million. For the next fiscal year, analysts forecast that the company will post sales of $536.82 million per share, with estimates ranging from $507.00 million to $559.52 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Monolithic Power Systems.

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

MPWR has been the subject of several analyst reports. Pacific Crest reissued an “overweight” rating and issued a $110.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Zacks Investment Research cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub cut shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. raised their target price on shares of Monolithic Power Systems from $100.00 to $110.00 in a research note on Monday, July 24th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $117.00 target price (up from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $112.63.

In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.20, for a total transaction of $1,578,000.00. Following the completion of the transaction, the director now directly owns 761,201 shares of the company’s stock, valued at $80,078,345.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Maurice Sciammas sold 10,828 shares of Monolithic Power Systems stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $101.60, for a total transaction of $1,100,124.80. Following the transaction, the vice president now directly 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 119,423 shares of company stock valued at $12,119,582. Company insiders own 4.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Eagle Asset Management Inc. boosted its position in Monolithic Power Systems by 8.1% during the first quarter. Eagle Asset Management Inc. now owns 78,090 shares of the semiconductor company’s stock worth $7,192,000 after purchasing an additional 5,881 shares during the period. AGF Investments America Inc. boosted its position in Monolithic Power Systems by 23.9% during the second quarter. AGF Investments America Inc. now owns 53,083 shares of the semiconductor company’s stock worth $5,117,000 after purchasing an additional 10,229 shares during the period. Pembroke Management LTD bought a new position in Monolithic Power Systems during the second quarter worth $8,945,000. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 5.4% during the first quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock worth $279,320,000 after purchasing an additional 155,052 shares during the period. Finally, Keybank National Association OH boosted its position in Monolithic Power Systems by 0.8% during the first quarter. Keybank National Association OH now owns 10,522 shares of the semiconductor company’s stock worth $969,000 after purchasing an additional 84 shares during the period. 93.19% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems (NASDAQ MPWR) traded down 0.68% during mid-day trading on Friday, hitting $103.47. 223,578 shares of the company traded hands. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 72.97 and a beta of 1.22. Monolithic Power Systems has a one year low of $75.04 and a one year high of $107.87. The company’s 50-day moving average is $101.27 and its 200-day moving average is $97.05.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.77%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.74%.

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Monolithic Power Systems Company Profile

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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