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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Friday, September 13th, Zacks reports. Shareholders 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 yield of 0.54%. The ex-dividend date is Monday, September 30th.

Monolithic Power Systems has increased its dividend by an average of 26.0% annually 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 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 %

Shares of Monolithic Power Systems stock opened at $924.99 on Friday. The firm has a market cap of $45.03 billion, a PE ratio of 110.25, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. Monolithic Power Systems has a 52 week low of $392.10 and a 52 week high of $959.64. The business’s fifty 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 earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. Monolithic Power Systems’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share. As a group, equities analysts expect that Monolithic Power Systems will post 10.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

MPWR has been the subject of several research reports. Oppenheimer lifted their target price 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. KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Raymond James raised their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $952.30.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 728 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the sale, the chief financial officer now owns 64,178 shares in the company, valued at approximately $49,955,513.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, 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 transaction, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 728 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at $49,955,513.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,299 shares of company stock worth $82,320,473. 3.20% of the stock is owned by insiders.

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.