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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Friday, June 12th. Investors of record on Tuesday, June 30th will be paid a dividend of 2.00 per share by the semiconductor company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Monolithic Power Systems has increased its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Monolithic Power Systems has a payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Monolithic Power Systems to earn $24.85 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 32.2%.

Monolithic Power Systems Stock Down 8.5%

Monolithic Power Systems stock opened at $1,316.24 on Friday. The stock has a market cap of $64.67 billion, a P/E ratio of 94.90, a P/E/G ratio of 2.35 and a beta of 1.69. Monolithic Power Systems has a twelve month low of $686.87 and a twelve month high of $1,714.09. The company’s 50-day moving average price is $1,553.78 and its two-hundred day moving average price is $1,246.82.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.04 earnings per share. Equities analysts anticipate that Monolithic Power Systems will post 20.13 earnings per share for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In related news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the transaction, the director owned 5,402 shares in the company, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Saria Tseng sold 25,674 shares of the business’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. This trade represents a 12.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 113,043 shares of company stock worth $160,843,106. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of large investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares in the last quarter. Empowered Funds LLC lifted its stake in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after purchasing an additional 314 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after purchasing an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $347,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.