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

Monolithic Power Systems (NASDAQ:MPWR) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.66 per share for the quarter. Monolithic Power Systems has set its Q1 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 quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. On average, analysts expect Monolithic Power Systems to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $611.37 on Wednesday. The stock has a 50-day simple moving average of $687.40 and a 200-day simple moving average of $606.54. The stock has a market capitalization of $29.75 billion, a P/E ratio of 69.79, a PEG ratio of 3.17 and a beta of 1.24. Monolithic Power Systems has a 1 year low of $383.19 and a 1 year high of $778.15.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.82%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is 57.08%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the transaction, the director now directly owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Deming Xiao sold 859 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the transaction, the insider now owns 208,580 shares of the company’s stock, valued at $141,834,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the sale, the director now directly owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock worth $30,357,479 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research reports. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Oppenheimer upped their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Needham & Company LLC increased their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. KeyCorp boosted their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, TD Cowen increased their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $670.30.

About Monolithic Power Systems

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.