Monolithic Power Systems
Monolithic Power Systems, Inc. designs, develops, markets, and sells semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer markets. Direct current (DC) to direct current (DC) integrated circuits (ICs) are made by the company. These ICs are used to convert and control voltages in many electronic systems, like portable electronics, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment. It also sells lighting control ICs for backlighting, which are used in systems that provide the light source for LCD panels in notebook computers, monitors, car navigation systems, TVs, and other general lighting products. The company sells its products directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers in China, Taiwan, Europe, South Korea, Southeast Asia, Japan, the U.S., and other places. Monolithic Power Systems, Inc. was made a company in 1997, and its headquarters are in Kirkland, Washington.
The average price for the company over the last 50 days is $359, and the average price for the last 200 days is $414. The 52-week low for Monolithic Power Systems is $300, and the 52-week high is $542. The stock has a market cap of $17.27 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 1.06, and a beta of 1.11.
On Thursday, October 27th, Monolithic Power Systems (MPWR) shared its most recent quarterly earnings report. The company that makes semiconductors had earnings per share of $2.64 for the quarter, which was $0.09 less than the consensus estimate of $2.73. The return on equity for Monolithic Power Systems was 29.06%, and the net margin was 23.42%. During the quarter, the company made $495.42 million, which is more than the $490.45 million that was expected by most people. Analysts of stocks think that Monolithic Power Systems will earn $9.43 per share in the current fiscal year.
Activity on the Inside
In other news, on Thursday, September 22, Director James C. Moyer sold 9,800 shares of the company’s stock. At an average price of $385.89, the shares were sold for a total of $3,781,722.00. After the deal is done, the director will now own 82,938 shares of the company’s stock, which are worth about $32,004,944.82. The sale was written about in a document that was sent to the Securities and Exchange Commission. You can read the document by clicking on this link. Deming Xiao, an employee of the company, sold 4,305 shares of its stock on Monday, October 3rd. At an average price of $372.60, the shares were sold for a total of $1,604,043.00. After the transaction is done, the insider owns 275,172 shares of the company’s stock, which are worth about $102,529,087.20. The sale was written about in a document that was sent to the SEC. The document can be found on the SEC website. Also, on Thursday, September 22, Director James C. Moyer sold 9,800 shares of the company’s stock. The average price at which the stock was sold was $385.89, and the whole deal cost $3,781,722.00. After the deal is done, the director owns 82,938 shares of the company’s stock directly, which are worth $32,004,944.82. Here is where you can find the information about this sale. In the last quarter, people inside the company sold 88,996 shares of stock worth $33,751,525. 3.00% of the company’s stock is owned by people who work there.
Mainly hedge fund owned business
Several institutional investors and hedge funds have recently increased or decreased the amount of MPWR stock they own. In the second quarter, Glassman Wealth Services added 58.5% to the amount it owned of Monolithic Power Systems. After buying 24 more shares during the time period, Glassman Wealth Services now owns 65 shares of the company’s stock, which are worth a total of $25,000. During the third quarter, Guardian Wealth Advisors LLC bought about $27,000 worth of new shares of Monolithic Power Systems. During the first quarter, Achmea Investment Management B.V. bought about $27,000 worth of new Monolithic Power Systems shares. During the second quarter, Lindbrook Capital LLC increased the number of Monolithic Power Systems shares it owned by 75.6%. After buying an extra 31 shares during the last quarter, Lindbrook Capital LLC now owns 72 shares of the semiconductor company’s stock worth $28,000. Last but not least, Heritage Wealth Management LLC bought about $28,000 worth of new shares of Monolithic Power Systems during the second quarter. Institutional investors and hedge funds own 93.24% of the stock.
Future Estimates MPWR stock
According to 13 analysts earnings for the current year 2022 will be 12.38, next year 2023 they aim for 12.95. Revenue will rise from 1.8B to 1.97B. Analysts are also expecting a 24.54% growth for the next 5 years.
The main competitors of Monolithic Power Systems include :
- Analog Devices (ADI)
- ASE Technology (ASX)
- Lattice Semiconductor (LSCC)
- MACOM Technology Solutions (MTSI)
- Microchip Technology (MCHP)
- Micron Technology (MU)
- Silicon Laboratories (SLAB)
- Semtech Corp (SMTC)
- Skyworks Solutions (SWKS)
- United Microelectronics (UMC)
- Wolfspeed (WOLF)
- Qorvo (QRVO)