Tag Archives: mpwr

After Hours: Sturm Ruger, Texas Roadhouse, Apple Supplier IDT

Earnings reports from Sturm Ruger ( RGR ),  Apple ( AAPL ) supplier Integrated Device Tech ( IDTI ),   Monolithic Power Systems ( MPWR ), Texas Roadhouse ( TXRH ) and Qualys ( QLYS ) headline Monday’s after-hours session. Sturm Ruger Sturm Ruger reported $1.21 in diluted Q1 per-share earnings, a 49% spike, on a 26% revenue increase to $173.1 million, far above consensus views for 96 cents EPS on $147.7 million in sales. The gunmaker also declared a 48-cent per-share dividend, up from 35 cents in the prior quarter and 25 cents in the quarter before that. Sturm Ruger stock rose more than 4% in late trading to above 70 after closing up 5.5% in regular trade on the stock market today . That would put Ruger’s shares above their 50-day moving average for the first time since Ruger and rival Smith & Wesson ( SWHC ) crashed April 4 on fears of slowing gun sales. Smith & Wesson also rallied late after closing up 4.6%. IBD’s Take: How does Sturm Ruger stock stack up vs. objective targets and key rivals? Find out at IBD Stock Checkup Integrated Device Tech The Apple Watch supplier’s Q4 non-GAAP EPS popped 24% to 36 cents, surpassing analyst expectations for 33 cents but growth slowed for a fourth straight quarter. Revenue climbed 20% to $189.4 million, topping views for $187 million. Sales growth snapped a three-quarter string of deceleration. Integrated Device Tech shares rose 2% late after closing the regular session up 2.1%. Meanwhile, Apple shares closed down 0.1%, its eighth straight loss . Monolithic Power Systems Chip designer Monolithic Power said Q1 non-GAAP EPS jumped 22% to 45 cents, beating projections for 44 cents. Revenue grew 15% to $84.5 million vs. estimates for $83 million. For Q2, the Sony ( SNE ) PlayStation 4 chipmaker sees revenue in the range of $91 million-$95 million, with the $93 million midpoint ahead of views for $91.5 million. Monolithic Power shares were little changed in late trade after rising 1.8% in the regular session. Texas Roadhouse Texas Roadhouse reported Q1 EPS of 50 cents a share, including a 5-cent pre-tax charge. Wall Street had estimated 54 cents. Revenue increased 12% to $515.6 million, slightly below views for $515.9 million. Comparable sales grew 4.6% at company restaurants and 3.1% at franchise locations. Shares closed the regular session up 3.3% and jumped more than 4% late. IBD’s Take: How appetizing is Texas Roadhouse’s stock and how does it compare to rivals? Find out at IBD Stock Checkup Qualys Cloud-based security and compliance solutions provider Qualys ( QLYS ) notched a 40% per-share profit gain in Q1, with 21 cents a share on 23% revenue growth to $46.2 million. That topped estimates for 15 cents EPS and $45.1 million in revenue. For Q2, Qualys expects EPS of 15-17 cents, below views for 18 cents a share. The midpoint of revenue outlook of $47.6 million-$48.3 million — $47.95 million — is a hair above analyst forecasts for $47.91 million. For 2016, Qualys said it continues to see $195.6 million-$198.6 million in sales and 74-79 cents EPS, vs. views for $197 million in revenue and 77 cents EPS. The company also announced the appointment of Zynga ( ZNGA ) alum Melissa Fisher as its new CFO. Shares fell 4% late after rising 5.5% during the regular session. Anadarko Petroleum Anadarko Petroleum ( APC ) reported an adjusted Q1 loss of $1.12 a share vs. estimates for a loss of $1.16 a share. Revenue fell to $1.675 billion vs. views for $1.81 billion. Shares fell nearly 2% late after closing down 1.5%.

Sony PlayStation 4 Chipmaker Monolithic Power Systems Tops Q1 Views

Sony ( SNE ) PlayStation 4 chip supplier Monolithic Power Systems ( MPWR ) topped Wall Street’s Q1 expectations after the close Monday and issued current-quarter sales guidance that beat the consensus at the midpoint. Monolithic Power stock rose 1.75% in Monday’s regular session to 63.51, and was flat in after-hours trading. Shares are even for the year, but have recovered from an 8% dip through mid-February. Monolithic stock broke out of a cup-with-handle based last month at 65.36, so it’s down nearly 3% from the buy point. For Q1, Monolithic Power reported $84.5 million in sales and 45 cents earnings per share minus items, up 15% and 22%, respectively, vs. the year-earlier quarter. IBD Take: Monolithic Power gets great ratings of late, as you can see from IBD Stock Checkup. Both measures topped the consensus of eight analysts polled by Thomson Reuters for $83 million and 44 cents per share, and the midpoint of Monolithic Power’s earlier sales view for $81 million to $85 million. Current-quarter sales guidance for $91 million to $95 million would be up 12%-17% and beat analysts’ model for $91.5 million at the midpoint. Monolithic Power stock has an IBD Composite Rating of 97, out of a best-possible 99, trailing Nvidia ( NVDA ), Silicon Motion Tech ( SIMO ) and Maxlinear ( MXL ). Its chips are used in Sony’s PlayStation 4, Microsoft ( MSFT ) Xbox One and Blu-ray/DVD players. It competes against tech majors like Intel ( INTC ), Texas Instruments ( TXN ) and Qualcomm ( QCOM ), all Apple ( AAPL ) suppliers.

Is Apple Supplier NXP Semi Looking To Home In On Auto Market?

Apple ( AAPL ) chip supplier NXP Semiconductors ( NXPI ) could be looking to further focus on the automotive market, as it considers a $2 billion sale of its standard products unit, according to reports. NXP Semi shares jumped as much as 3.8% Friday morning in quick turnover to retake their 200-day moving average. But the stock pared its gains to closed with a 1.8% rise and fell back below the 200-day line. The standard products unit — which consists of transistors, diodes and other standard-chip products — accounted for 20% of NXP Semi’s 2015 sales, but the segment’s revenue fell 3% year-over-year, with an 18% drop in Q4. Chinese firms, including Beijing-based investment firm JAC Capital, are interested in a deal with NXP for the unit, sources told Bloomberg. The move could signal an effort by NXP to further focus on the automotive market, and even products it supplies to smartphone makers, including Apple. NXP became the largest chip supplier to the automotive industry with the completion of its $12 billion merger with smaller peer Freescale Semiconductor in December. At that time, the company said it had plans to lead the auto industry in terms of infotainment, vehicle networking, body, safety and secure access. NXP’s automotive segment revenue jumped 17% last year, boosted by the acquisition, to $1.34 billion. That represents 22% of NXP’s total sales for 2015. NXP, which has an IBD Composite Rating of 81 out of 99, is set to report Q1 earnings on April 25. Analysts expect the bottom line to drop 19% to $1.09 a share, while the top line jumps 51% to $2.21 billion. As NXP stock is trading 27% below its 52-week high, top-rated peer Nvidia ( NVDA ) is sitting just 2% below its recent high. The Tesla Motors ( TSLA ) supplier broke out of a cup-with-handle base several weeks ago and is now extended from buy range. Monolithic Power Systems ( MPWR ) is trading 8% below its high as it works on a base, while Silicon Motion Tech ( SIMO ) is nearing profit-taking zone after a breakout last month. Nvidia closed up 0.65%, Monolithic Power added 0.3%, and Silicon Motion climbed 2.4% Friday. Apple added 0.1%, and Tesla fell 2.8%.