Monolithic Power Systems, Inc. to Issue Quarterly Dividend of $0.40 (NASDAQ:MPWR)

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Thursday, June 13th, NASDAQ reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.40 per share by the semiconductor company on Monday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, June 27th.

Monolithic Power Systems has increased its dividend by an average of 13.6% per year over the last three years and has raised its dividend every year for the last 4 years. Monolithic Power Systems has a dividend payout ratio of 65.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Monolithic Power Systems to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 43.2%.

NASDAQ MPWR opened at $124.25 on Wednesday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 1.95 and a beta of 1.65. Monolithic Power Systems has a one year low of $101.99 and a one year high of $161.22. The company has a fifty day simple moving average of $125.97.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The company had revenue of $141.40 million for the quarter, compared to analyst estimates of $141.11 million. Monolithic Power Systems had a net margin of 18.43% and a return on equity of 17.99%. Monolithic Power Systems’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. As a group, analysts expect that Monolithic Power Systems will post 2.62 EPS for the current fiscal year.

In other news, VP Maurice Sciammas sold 4,181 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $134.62, for a total transaction of $562,846.22. Following the transaction, the vice president now directly owns 440,985 shares in the company, valued at $59,365,400.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 905 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $138.60, for a total transaction of $125,433.00. Following the transaction, the chief financial officer now owns 84,237 shares in the company, valued at $11,675,248.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 161,955 shares of company stock worth $22,028,288. Company insiders own 3.00% of the company’s stock.

A number of research analysts have commented on MPWR shares. Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Monolithic Power Systems in a research note on Monday, March 4th. BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Loop Capital assumed coverage on shares of Monolithic Power Systems in a research note on Tuesday, June 18th. They set a “buy” rating and a $144.00 price target on the stock. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, ValuEngine lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Monolithic Power Systems currently has a consensus rating of “Hold” and an average price target of $148.13.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Dividend History for Monolithic Power Systems (NASDAQ:MPWR)

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