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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Friday, September 13th, Zacks reports. Investors of record on Monday, September 30th will be paid 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 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 dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 2.1 %

MPWR stock traded down $19.40 during midday trading on Friday, hitting $924.99. The company’s stock had a trading volume of 571,733 shares, compared to its average volume of 536,587. The company has a market cap of $45.03 billion, a PE ratio of 110.25, a P/E/G ratio of 4.13 and a beta of 1.12. The firm’s 50-day moving average is $869.22 and its 200-day moving average is $782.65. Monolithic Power Systems has a 12 month low of $392.10 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. During the same period last year, the firm posted $2.05 earnings per share. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. Analysts expect that Monolithic Power Systems will post 10.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Oppenheimer boosted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased 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. Finally, Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $952.30.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Saria Tseng sold 37,093 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the sale, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Maurice Sciammas sold 10,999 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $843.83, for a total value of $9,281,286.17. Following the completion of the transaction, the executive vice president now owns 118,876 shares of the company’s stock, valued at $100,311,135.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Saria Tseng sold 37,093 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the sale, the executive vice president now directly owns 166,428 shares in the company, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. Insiders have sold 97,299 shares of company stock worth $82,320,473 over the last quarter. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Company Profile

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.