Monolithic Power Systems (NASDAQ:MPWR) Releases Quarterly Earnings Results, Misses Estimates By $0.84 EPS

Monolithic Power Systems (NASDAQ:MPWR) issued its earnings results on Thursday. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84), Zacks reports. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%.

Monolithic Power Systems Stock Performance

Shares of MPWR stock traded up $7.03 during trading hours on Thursday, reaching $660.90. The company had a trading volume of 1,427,028 shares, compared to its average volume of 864,353. Monolithic Power Systems has a 12-month low of $546.71 and a 12-month high of $959.64. The company has a market capitalization of $32.24 billion, a price-to-earnings ratio of 74.51, a PEG ratio of 2.44 and a beta of 1.03. The stock has a fifty day moving average of $613.54 and a 200-day moving average of $756.52.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at approximately $32,066,400. This represents a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,100 shares of company stock valued at $2,724,231. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MPWR. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price objective on the stock. Needham & Company LLC cut their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research report on Monday, November 18th. Oppenheimer cut their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Finally, KeyCorp reduced their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $820.33.

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.