Monolithic Power Systems (NASDAQ:MPWR) Announces Earnings Results

Monolithic Power Systems (NASDAQ:MPWR) posted its quarterly earnings data on Thursday. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84), Zacks reports. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%.

Monolithic Power Systems Trading Up 1.1 %

Shares of NASDAQ:MPWR traded up $7.03 during midday trading 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 52-week low of $546.71 and a 52-week high of $959.64. The company’s 50 day moving average price is $613.54 and its 200 day moving average price is $756.52. The stock has a market cap of $32.24 billion, a P/E ratio of 74.51, a P/E/G ratio of 2.44 and a beta of 1.03.

Monolithic Power Systems Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Oppenheimer lowered their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. KeyCorp dropped their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Needham & Company LLC decreased their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $820.33.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. 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. Company insiders own 3.70% of the company’s stock.

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.