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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced 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 dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th.

Monolithic Power Systems has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Monolithic Power Systems has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Monolithic Power Systems stock opened at $1,186.08 on Friday. The firm has a market capitalization of $58.28 billion, a PE ratio of 72.72 and a beta of 1.66. Monolithic Power Systems has a one year low of $830.00 and a one year high of $1,714.09. The stock’s 50 day moving average price is $1,318.43 and its 200 day moving average price is $1,354.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The company 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%. Monolithic Power Systems’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the company earned $4.21 earnings per share. On average, analysts forecast that Monolithic Power Systems will post 23.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MPWR has been the subject of several analyst reports. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Truist Financial boosted their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,731.42.

About Monolithic Power Systems

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.