Brokers Issue Forecasts for Monolithic Power Systems, Inc.’s Q2 2022 Earnings (NASDAQ:MPWR)

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) – Analysts at William Blair boosted their Q2 2022 earnings per share (EPS) estimates for shares of Monolithic Power Systems in a research report issued on Tuesday, May 3rd. William Blair analyst A. Vecchi now forecasts that the semiconductor company will post earnings of $2.21 per share for the quarter, up from their previous estimate of $1.72. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Monolithic Power Systems’ Q3 2022 earnings at $2.38 EPS, Q4 2022 earnings at $2.35 EPS, FY2022 earnings at $8.66 EPS, Q1 2023 earnings at $2.30 EPS, Q2 2023 earnings at $2.67 EPS, Q3 2023 earnings at $2.37 EPS, Q4 2023 earnings at $2.81 EPS and FY2023 earnings at $10.74 EPS.

Several other equities research analysts have also recently commented on the stock. KeyCorp boosted their price target on shares of Monolithic Power Systems from $520.00 to $570.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on Monolithic Power Systems from $510.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, April 20th. StockNews.com assumed coverage on Monolithic Power Systems in a report on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial cut their price objective on Monolithic Power Systems from $568.00 to $545.00 in a report on Friday, April 8th. Finally, Needham & Company LLC upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $530.00 price objective on the stock in a report on Friday, February 11th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $549.11.

Shares of Monolithic Power Systems stock opened at $451.98 on Friday. The company’s 50-day moving average price is $436.40 and its two-hundred day moving average price is $468.21. Monolithic Power Systems has a 52 week low of $301.53 and a 52 week high of $580.00. The stock has a market cap of $21.02 billion, a PE ratio of 78.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The semiconductor company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.62 by $0.83. Monolithic Power Systems had a net margin of 20.75% and a return on equity of 22.80%. During the same period in the previous year, the firm earned $0.86 EPS.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Achmea Investment Management B.V. bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at approximately $27,000. Quent Capital LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $36,000. Assetmark Inc. bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at approximately $39,000. Sageworth Trust Co of South Dakota bought a new stake in Monolithic Power Systems during the fourth quarter worth approximately $43,000. Finally, Concord Wealth Partners boosted its position in Monolithic Power Systems by 1,583.3% during the fourth quarter. Concord Wealth Partners now owns 101 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 95 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

In related news, VP Saria Tseng sold 7,393 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $399.28, for a total value of $2,951,877.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Hsing sold 29,638 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $399.28, for a total value of $11,833,860.64. The disclosure for this sale can be found here. Insiders sold a total of 78,320 shares of company stock worth $33,075,171 in the last quarter. 2.00% of the stock is owned by corporate insiders.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a $0.75 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.66%. Monolithic Power Systems’s dividend payout ratio is currently 52.08%.

Monolithic Power Systems Company Profile (Get Rating)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

Further Reading

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

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