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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Friday, December 13th,RTT News reports. Investors of record on Tuesday, December 31st will be given a dividend of 1.25 per share by the semiconductor company on Wednesday, January 15th. This represents a $5.00 dividend on an annualized basis 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 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 Trading Up 0.5 %

Shares of NASDAQ:MPWR opened at $608.44 on Friday. The business has a 50-day moving average price of $730.56 and a 200 day moving average price of $806.89. Monolithic Power Systems has a 12-month low of $546.71 and a 12-month high of $959.64. The company has a market capitalization of $29.68 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 2.97 and a beta of 1.05.

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

Insider Activity

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock worth $17,153,021 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MPWR shares. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company initiated coverage on Monolithic Power Systems in a research note on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price objective on the stock. Oppenheimer reiterated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. Finally, Loop Capital raised 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 report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $828.67.

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.