Monolithic Power Systems (NASDAQ:MPWR) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Monolithic Power Systems (NASDAQ:MPWR) released its earnings results on Wednesday. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05), reports. The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 21.00%. Monolithic Power Systems updated its Q4 2024 guidance to EPS.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $759.30 on Friday. The business’s fifty day moving average price is $903.58 and its two-hundred day moving average price is $822.06. Monolithic Power Systems has a fifty-two week low of $409.05 and a fifty-two week high of $959.64. The stock has a market capitalization of $37.02 billion, a price-to-earnings ratio of 85.60, a price-to-earnings-growth ratio of 4.25 and a beta of 1.11.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In related news, CEO Michael Hsing sold 2,790 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the completion of the sale, the chief executive officer now owns 865,332 shares in the company, valued at $673,565,775.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of Monolithic Power Systems stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares in the company, valued at approximately $49,955,513.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Hsing sold 2,790 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the sale, the chief executive officer now owns 865,332 shares in the company, valued at $673,565,775.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,636 shares of company stock valued at $36,459,953. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Lewis Asset Management LLC grew its holdings in Monolithic Power Systems by 14.7% during the 3rd quarter. Lewis Asset Management LLC now owns 484 shares of the semiconductor company’s stock worth $448,000 after acquiring an additional 62 shares during the last quarter. TFB Advisors LLC lifted its position in shares of Monolithic Power Systems by 6.5% during the third quarter. TFB Advisors LLC now owns 625 shares of the semiconductor company’s stock worth $578,000 after purchasing an additional 38 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Monolithic Power Systems during the third quarter valued at approximately $275,000. Graypoint LLC grew its stake in shares of Monolithic Power Systems by 3.9% during the third quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock valued at $373,000 after purchasing an additional 15 shares during the last quarter. Finally, Catalina Capital Group LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at approximately $210,000. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

MPWR has been the subject of several research reports. TD Cowen reduced 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 report on Thursday. Raymond James raised their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Rosenblatt Securities restated a “buy” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a report on Tuesday. Truist Financial reiterated a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $942.40.

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.