Monolithic Power Systems, Inc. Announces Quarterly Dividend of $2.00 (NASDAQ:MPWR)

Key Points

• Monolithic Power Systems declared a quarterly dividend of $2.00 per share, payable October 15 to shareholders of record September 30. The dividend implies an annualized payout of $8.00 and a 0.7% yield, with eight consecutive years of annual increases.
• The company recently exceeded quarterly expectations, reporting earnings of $6.50 per share versus the $5.87 consensus and revenue of $980.64 million, up 47.6% year over year.
• MPWR shares opened at $1,186.08, down 1.5%, while institutional investors owned 93.46% of outstanding shares. Two insiders also sold a combined 80 shares in recent transactions.

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) declared a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 30th will be paid a dividend of 2.00 per share by the semiconductor company on Thursday, October 15th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

Monolithic Power Systems has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Monolithic Power Systems has a payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Monolithic Power Systems to earn $30.24 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 26.5%.

Monolithic Power Systems Trading Down 1.5%

NASDAQ:MPWR opened at $1,186.08 on Friday. The firm has a market cap of $58.28 billion, a price-to-earnings ratio of 72.72 and a beta of 1.66. The company's 50-day moving average is $1,318.43 and its two-hundred day moving average is $1,354.09. Monolithic Power Systems has a 12-month low of $830.00 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company's quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.21 earnings per share. On average, equities research analysts forecast that Monolithic Power Systems will post 23.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company's stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares of the company's stock, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 160 shares of company stock worth $215,945 in the last quarter. 3.60% of the stock is owned by insiders.

Institutional Trading of Monolithic Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in Monolithic Power Systems by 132,513.9% during the second quarter. California State Teachers Retirement System now owns 95,963,431 shares of the semiconductor company's stock valued at $132,656,008,000 after buying an additional 95,891,068 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $7,727,289,000. State Street Corp raised its stake in shares of Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock valued at $1,979,610,000 after acquiring an additional 45,715 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock valued at $1,855,476,000 after acquiring an additional 1,993,576 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Monolithic Power Systems by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock valued at $1,533,013,000 after acquiring an additional 117,596 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc NASDAQ: MPWR designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company's portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.

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