Equities analysts forecast that Monolithic Power Systems, Inc. (NASDAQ:MPWR) will post $0.81 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Monolithic Power Systems’ earnings, with estimates ranging from $0.79 to $0.82. Monolithic Power Systems posted earnings of $0.65 per share during the same quarter last year, which suggests a positive year over year growth rate of 24.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Monolithic Power Systems will report full year earnings of $2.91 per share for the current fiscal year, with EPS estimates ranging from $2.89 to $2.93. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.65 per share, with EPS estimates ranging from $3.49 to $3.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Monolithic Power Systems.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm had revenue of $128.90 million during the quarter, compared to the consensus estimate of $126.11 million. During the same quarter in the previous year, the company posted $0.66 EPS. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis.

Several brokerages recently weighed in on MPWR. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price for the company in a research note on Thursday, November 2nd. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a research note on Friday, October 27th. Finally, Deutsche Bank boosted their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $129.25.

In other news, VP Saria Tseng sold 4,998 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $125.62, for a total transaction of $627,848.76. Following the completion of the transaction, the vice president now owns 266,726 shares of the company’s stock, valued at approximately $33,506,120.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Maurice Sciammas sold 1,693 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $104.09, for a total transaction of $176,224.37. Following the transaction, the vice president now directly owns 367,695 shares of the company’s stock, valued at approximately $38,273,372.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,535 shares of company stock valued at $11,436,653. Corporate insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MPWR. AGF Investments America Inc. grew its holdings in shares of Monolithic Power Systems by 23.9% during the 2nd 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. AGF Investments Inc. grew its holdings in shares of Monolithic Power Systems by 28.9% during the 2nd quarter. AGF Investments Inc. now owns 9,572 shares of the semiconductor company’s stock worth $923,000 after purchasing an additional 2,146 shares during the period. Franklin Resources Inc. grew its holdings in shares of Monolithic Power Systems by 166.3% during the 2nd quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock worth $77,086,000 after purchasing an additional 499,387 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Monolithic Power Systems by 259.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 376,246 shares of the semiconductor company’s stock worth $36,270,000 after purchasing an additional 271,527 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Monolithic Power Systems by 85.5% during the 2nd quarter. Janus Henderson Group PLC now owns 147,743 shares of the semiconductor company’s stock worth $14,243,000 after purchasing an additional 68,089 shares during the period. 93.87% of the stock is owned by institutional investors.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down $1.38 during mid-day trading on Wednesday, reaching $116.97. 302,989 shares of the company traded hands, compared to its average volume of 249,305. Monolithic Power Systems has a 12-month low of $75.08 and a 12-month high of $126.80. The firm has a market cap of $4,913.53, a P/E ratio of 71.73, a price-to-earnings-growth ratio of 3.66 and a beta of 1.26.

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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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Earnings History and Estimates for Monolithic Power Systems (NASDAQ:MPWR)

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