Monolithic Power Systems (MPWR) to Release Earnings on Thursday

Monolithic Power Systems (NASDAQ:MPWR) is expected to be releasing its earnings data after the market closes on Thursday, February 6th. Analysts expect Monolithic Power Systems to post earnings of $4.01 per share and revenue of $608.09 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Monolithic Power Systems Trading Down 1.3 %

MPWR stock opened at $628.78 on Tuesday. The stock has a market capitalization of $30.67 billion, a P/E ratio of 70.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The firm has a 50-day moving average price of $609.43 and a 200-day moving average price of $759.83.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Activity

In other news, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the sale, the chief financial officer now owns 55,944 shares in the company, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,100 shares of company stock worth $2,724,231 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MPWR shares. TD Cowen lowered their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a research report on Monday, November 18th. Needham & Company LLC decreased 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 research report on Friday, November 22nd. Finally, KeyCorp decreased their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently 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.