Monolithic Power Systems, Inc. Announces Quarterly Dividend of $1.56 (NASDAQ:MPWR)

Monolithic Power Systems, Inc. (NASDAQ:MPWR - Get Free Report) announced a quarterly dividend on Friday, June 13th, RTT News reports. Shareholders of record on Monday, June 30th will be paid a dividend of 1.56 per share by the semiconductor company on Tuesday, July 15th. This represents a $6.24 annualized dividend and a yield of 0.88%. The ex-dividend date is Monday, June 30th.

Monolithic Power Systems has a payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Monolithic Power Systems to earn $16.59 per share next year, which means the company should continue to be able to cover its $6.24 annual dividend with an expected future payout ratio of 37.6%.

Monolithic Power Systems Stock Up 5.0%

Monolithic Power Systems stock traded up $33.58 during mid-day trading on Monday, hitting $706.59. 613,771 shares of the company's stock traded hands, compared to its average volume of 802,127. The firm has a 50 day moving average price of $634.92 and a 200 day moving average price of $621.66. The company has a market cap of $33.83 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.60 and a beta of 1.19. Monolithic Power Systems has a one year low of $438.86 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm's revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. On average, analysts expect that Monolithic Power Systems will post 13.2 earnings per share for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the transaction, the director now owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last three months. Company insiders own 3.40% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Monolithic Power Systems stock. Brighton Jones LLC grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 46.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 635 shares of the semiconductor company's stock after purchasing an additional 200 shares during the period. Brighton Jones LLC's holdings in Monolithic Power Systems were worth $376,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MPWR. Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a research note on Monday. KeyCorp dropped their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $789.42.

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.