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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Friday, December 13th,RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 1.25 per share by the semiconductor company on Wednesday, January 15th. This represents a $5.00 annualized dividend and a dividend yield of 0.82%.

Monolithic Power Systems has raised its dividend payment by an average of 26.0% annually over the last three years. Monolithic Power Systems has a dividend payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Monolithic Power Systems to earn $13.34 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 37.5%.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $608.44 on Friday. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The business has a 50 day simple moving average of $730.56 and a two-hundred day simple moving average of $807.22. The stock has a market capitalization of $29.68 billion, a PE ratio of 68.60, a P/E/G ratio of 2.97 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, analysts anticipate that Monolithic Power Systems will post 10.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MPWR shares. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price on the stock in a research report on Monday, November 18th. TD Cowen decreased their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $828.67.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the sale, the chief financial officer now owns 59,178 shares in the company, valued at approximately $53,754,928.08. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,100 shares of company stock valued at $17,153,021. 3.70% of the stock is currently owned by company insiders.

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.