Monolithic Power Systems (MPWR) reported quarterly earnings results on Monday, Jul-25-2016. The company reported $0.54 EPS for the quarter. Analysts had a consensus estimate of $0.54. The company posted revenue of $94.08 million in the period, compared to analysts expectations of $93.08 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Monolithic Power Systems. Company shares were Reiterated by Stifel on Jul 14, 2016 to “Buy”, Firm has raised the Price Target to $ 81 from a previous price target of $75 .Company shares were Reiterated by Stifel on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $68 .Company shares were Reiterated by Deutsche Bank on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $70 .
Monolithic Power Systems opened for trading at $71.47 and hit $72.96 on the upside on Wednesday, eventually ending the session at $72.31, with a gain of 1.87% or 1.33 points. The heightened volatility saw the trading volume jump to 3,30,726 shares. Company has a market cap of $2,913 M.
In a different news, on Jul 6, 2016, Deming Xiao (Pres. of MPS Asia Operations) sold 82 shares at $67.26 per share price. According to the SEC, on May 27, 2016, Victor K Lee (director) sold 9,357 shares at $68.04 per share price. On May 25, 2016, Saria Tseng (VP & General Counsel) sold 5,630 shares at $65.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Monolithic Power Systems Inc. provides integrated power solutions. The Company provides power solutions for systems found in industrial applications telecom infrastructures cloud computing automotive and consumer applications. MPS can be contacted through its Website at www.monolithicpower.com or its support offices around the world. The Company is headquartered in San Jose California.