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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Thursday, September 10th. Shareholders 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) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 30th.

Monolithic Power Systems has raised its dividend payment by an average of 0.3%annually 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. Equities 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 Down 1.5%

Monolithic Power Systems stock opened at $1,186.08 on Friday. The stock 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 twelve month low of $830.00 and a twelve month high of $1,714.09. The company has a 50 day moving average of $1,318.43 and a 200-day moving average of $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, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the firm earned $4.21 earnings per share. The firm’s revenue was up 47.6% compared to the same quarter last year. Equities analysts anticipate that Monolithic Power Systems will post 23.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Kuo Wei Chang sold 50 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $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 a total of 160 shares of company stock valued at $215,945 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MPWR. The Manufacturers Life Insurance Company raised its stake in shares of Monolithic Power Systems by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,887 shares of the semiconductor company’s stock worth $68,962,000 after purchasing an additional 233 shares in the last quarter. IPG Investment Advisors LLC bought a new position in shares of Monolithic Power Systems in the second quarter valued at $1,655,000. Whetstone Capital Advisors LLC bought a new position in shares of Monolithic Power Systems in the second quarter valued at $823,000. SVB Wealth LLC acquired a new position in Monolithic Power Systems during the second quarter worth $205,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in Monolithic Power Systems during the second quarter worth $307,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.