Monolithic Power Systems Inc (MPWR) released its first quarter results on Monday, May 10, 2021. The company reported net earnings of $0.95 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 24 percent compared to the same period a year ago.
Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington. Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.
Monolithic Power Systems' revenue increased 43 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 55.44% for the first quarter compared to the same period in the previous year, and operating margins decreased to 18.75% over the same period. Net earnings for past trailing twelve months were $174.03 million, up 47% from the prior year.
Moving on to the balance sheet, Monolithic Power Systems' cash levels jumped 41% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 21.65% this past year. The current ratio for Monolithic Power Systems now stands at 4.91. The company increased shares outstanding by 2.29%.
Shares of MPWR are currently trading around $321.86. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 87.5 and price to book ratio of 15.03.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Tuesday, May 11, 2021.