Q3 2022 EPS Estimates for Monolithic Power Systems, Inc. (NASDAQ:MPWR) Raised by Analyst

Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) – Investment analysts at William Blair increased their Q3 2022 earnings estimates for shares of Monolithic Power Systems in a note issued to investors on Tuesday, August 2nd. William Blair analyst A. Vecchi now expects that the semiconductor company will post earnings per share of $2.73 for the quarter, up from their previous forecast of $2.38. The consensus estimate for Monolithic Power Systems’ current full-year earnings is $8.72 per share. William Blair also issued estimates for Monolithic Power Systems’ Q4 2022 earnings at $2.65 EPS, FY2022 earnings at $9.62 EPS, Q1 2023 earnings at $2.49 EPS, Q2 2023 earnings at $2.76 EPS, Q3 2023 earnings at $3.13 EPS, Q4 2023 earnings at $2.97 EPS and FY2023 earnings at $11.35 EPS.

A number of other brokerages also recently issued reports on MPWR. Truist Financial reduced their price target on shares of Monolithic Power Systems from $568.00 to $545.00 in a report on Friday, April 8th. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $500.00 to $550.00 and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monolithic Power Systems from $457.00 to $530.00 in a research note on Tuesday. Cowen lifted their price objective on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Cowen lifted their price objective on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $569.70.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $532.33 on Friday. The company has a market cap of $24.83 billion, a P/E ratio of 76.37, a P/E/G ratio of 2.41 and a beta of 1.10. The firm’s fifty day moving average is $426.87 and its two-hundred day moving average is $427.63. Monolithic Power Systems has a 52-week low of $348.02 and a 52-week high of $580.00.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last announced its quarterly earnings results on Monday, August 1st. The semiconductor company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.31. The company had revenue of $461.00 million for the quarter, compared to the consensus estimate of $430.59 million. Monolithic Power Systems had a net margin of 22.40% and a return on equity of 26.57%. Monolithic Power Systems’s revenue for the quarter was up 57.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $3.00 annualized dividend and a yield of 0.56%. Monolithic Power Systems’s dividend payout ratio (DPR) is 43.04%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 11,495 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.57, for a total value of $4,156,247.15. Following the completion of the sale, the chief executive officer now directly owns 1,026,928 shares of the company’s stock, valued at approximately $371,306,356.96. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 11,495 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.57, for a total value of $4,156,247.15. Following the completion of the sale, the chief executive officer now directly owns 1,026,928 shares of the company’s stock, valued at approximately $371,306,356.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Deming Xiao sold 4,298 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $392.44, for a total transaction of $1,686,707.12. Following the completion of the sale, the insider now owns 288,084 shares of the company’s stock, valued at approximately $113,055,684.96. The disclosure for this sale can be found here. Insiders sold a total of 21,458 shares of company stock valued at $7,922,989 in the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Large investors have recently modified their holdings of the business. Achmea Investment Management B.V. bought a new stake in shares of Monolithic Power Systems in the 1st quarter valued at about $27,000. Glassman Wealth Services raised its stake in shares of Monolithic Power Systems by 58.5% during the 2nd quarter. Glassman Wealth Services now owns 65 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Monolithic Power Systems by 75.6% during the 2nd quarter. Lindbrook Capital LLC now owns 72 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 31 shares in the last quarter. Quent Capital LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $36,000. Finally, Sageworth Trust Co of South Dakota bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $43,000. Institutional investors own 94.02% of the company’s stock.

Monolithic Power Systems Company Profile

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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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