Monolithic Power Systems, Inc. (NASDAQ:MPWR) Plans Quarterly Dividend of $1.25

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 1.25 per share by the semiconductor company on Tuesday, October 15th. This represents a $5.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, September 30th.

Monolithic Power Systems has raised its dividend payment by an average of 26.0% per year over the last three years. Monolithic Power Systems has a payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Monolithic Power Systems to earn $13.95 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 35.8%.

Monolithic Power Systems Stock Down 2.1 %

NASDAQ MPWR traded down $19.40 during trading hours on Friday, reaching $924.99. 571,733 shares of the company were exchanged, compared to its average volume of 536,587. The stock has a market capitalization of $45.03 billion, a P/E ratio of 110.25, a P/E/G ratio of 4.13 and a beta of 1.12. Monolithic Power Systems has a 1 year low of $392.10 and a 1 year high of $959.64. The business’s 50 day simple moving average is $869.22 and its 200-day simple moving average is $782.65.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. During the same quarter in the previous year, the firm posted $2.05 EPS. Monolithic Power Systems’s revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Monolithic Power Systems will post 10.41 earnings per share for the current year.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Saria Tseng sold 37,093 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now directly owns 166,428 shares in the company, valued at $134,507,109.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,299 shares of company stock worth $82,320,473. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $952.30.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.