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, December 13th,RTT News reports. Shareholders 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 yield of 0.82%.

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 30.1% meaning its dividend is sufficiently covered by earnings. Equities research 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

Shares of Monolithic Power Systems stock traded up $2.99 on Friday, reaching $608.44. 816,173 shares of the company were exchanged, compared to its average volume of 621,879. The stock’s 50 day moving average price is $737.10 and its 200-day moving average price is $807.89. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a market cap of $29.68 billion, a P/E ratio of 68.26, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05.

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

Insider Buying and Selling at Monolithic Power Systems

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Truist Financial restated a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target on the stock. Citigroup assumed coverage on shares of Monolithic Power Systems in a research report on Wednesday. They set a “buy” rating and a $700.00 price objective for the company. Finally, Needham & Company LLC dropped their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $828.67.

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.