World news – Q3 2021 EPS estimates for Monolithic Power Systems, Inc. (NASDAQ: MPWR) canceled by Oppenheimer

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Monolithic Power Systems, Inc. (NASDAQ: MPWR) – Oppenheimer’s equity analysts reported in a Thursday, Research report released its January 7th, 2021 earnings per share estimates for shares in Monolithic Power Systems. Oppenheim-based analyst R. Schafer now predicts that the semiconductor company will post earnings per share of $ 1.17 for the quarter, compared to its previous forecast of $ 1.16. Oppenheimer currently has a buy rating and a price target of USD 350.00 for the stock. Oppenheimer also announced earnings estimates for Monolithic Power Systems for the fourth quarter of 2021 at $ 1.09 per share and for the fiscal year 2021 at $ 3.91 per share.

Other research analysts recently released reports on the company. Zacks Investment Research downgraded Monolithic Power Systems from a « hold » rating to a « sell » rating and set a price target of $ 359.00 on the stock. in a report on Friday December 18. Needham & Company LLC raised its target price on shares of Monolithic Power Systems from USD 275.00 to USD 350.00 and gave the company a « Buy » rating in a research note on Friday, October 30th. Loop Capital raised its price target for shares of Monolithic Power Systems from USD 285.00 to USD 350.00 and gave the share a « Buy » rating in a research note on Monday, November 2nd. Rosenblatt Securities raised its target price on shares of Monolithic Power Systems from USD 380.00 to USD 430.00 and gave the company a « Buy » rating in a research report on Thursday. Finally, Truist raised its target price on shares of Monolithic Power Systems from $ 277.00 to $ 346.00 in a report on Friday, October 30th. One investment analyst has rated the stock with a sell rating, one with a hold rating, nine with a buy rating, and one with a strong buy rating. The company has a consensus rating of « Buy » and an average price target of $ 331.45 (adsbygoogle = window.adsbygoogle || []). Push ({});

MPWR shares opened at $ 387.41 on Monday. The company has a market cap of $ 17.47 billion, value for money of 117.75, a P / E of 3.70, and a beta of 0.93. The company’s fifty day simple moving average is $ 335.53 and the two hundred day simple moving average is $ 290.06. Monolithic Power Systems has a 12-month low of $ 130.12 and a 12-month high of $ 392.74. Monolithic Power Systems (NASDAQ: MPWR) last announced its quarterly results on Thursday, October 29th. The semiconductor company reported earnings of $ 1.69 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.68 by $ 0.01. Monolithic Power Systems had a net margin of 19.78% and a return on equity of 17.95%. The company posted revenue of $ 259.42 million for the quarter, compared to the consensus estimate of $ 258.12 million. For the same quarter last year, the company posted earnings of $ 1.08 per share. The company’s quarterly revenue increased 53.7% from the same quarter last year.

The company recently announced a quarterly dividend that will be paid on Friday, January 15th. On Thursday, December 31st, a dividend of $ 0.50 per share will be paid to registered investors. The ex-dividend date for this dividend is Wednesday December 30th. This equates to an annualized dividend of $ 2.00 and a yield of 0.52%. The payout ratio (DPR) of Monolithic Power Systems is 79.05%.

In other news from Monolithic Power Systems, VP Saria Tseng sold 6,495 shares in the company in a transaction on Thursday, October 15. The shares were sold at an average price of $ 317.48 for a total value of $ 2,062,032.60. Upon completion of the transaction, the Vice President now holds 254,648 shares in the company valued at $ 80,845,647.04. The transaction was announced in a filing with the SEC, available at this link. In addition, director James C. Moyer sold 1,000 shares of Monolithic Power Systems on Friday, November 13th. The stock was sold at an average price of $ 307.70 for a total transaction of $ 307,700.00. Following the sale, the director now holds 263,308 shares in the company valued at $ 81,019,871.60. The disclosure for this sale can be found here. Insiders have sold a total of 101,093 shares in the company for $ 35,504,338 in the past ninety days. 3.00% of the shares are currently owned by company insiders.

A number of hedge funds have recently changed their holdings in stocks. Bank of Montreal Can increased its stake in Monolithic Power Systems by 212.1% in the second quarter. Bank of Montreal Can now owns 3,230 shares of the semiconductor company valued at $ 805,000 after purchasing an additional 2,195 shares during the period. Marshall Wace LLP increased its stake in Monolithic Power Systems by 454.0% in the second quarter. Marshall Wace LLP now owns 2,000 shares in the semiconductor company valued at $ 474,000 after purchasing an additional 1,639 shares during the period. FMR LLC increased its position in Monolithic Power Systems by 41.2% in the second quarter. FMR LLC now owns 290,392 shares in the semiconductor company valued at $ 68,823,000 after purchasing an additional 84,718 shares last quarter. Advisor Group Holdings Inc. increased its stake in Monolithic Power Systems by 6.3% in the second quarter. Advisor Group Holdings Inc. now owns 14,261 shares in the semiconductor company valued at $ 3,380,000 after purchasing an additional 844 shares during the period. Finally, APG Asset Management N.V. a new stake in Monolithic Power Systems valued at $ 612,000 in Q2. Institutional investors own 84.27% of the company’s shares.

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power architectures for the consumer, computing and storage, automotive, industrial, communications, and consumer application markets. It provides direct current (DC) to integrated direct current circuits (ICs) that are used to convert and control voltages of various electronic systems such as portable electronic devices, WiFi access points, computers, monitors, automobiles, and medical devices.

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