Monolithic Power Systems, Inc. (MPWR) to Distribute Quarterly Dividend of $1.25 on January 15th

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Friday, December 13th,RTT News reports. Investors of record on Tuesday, December 31st will be given a dividend of 1.25 per share by the semiconductor company on Wednesday, January 15th. This represents a $5.00 annualized dividend and a yield of 0.82%.

Monolithic Power Systems has raised its dividend by an average of 26.0% per year over the last three years. Monolithic Power Systems has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Monolithic Power Systems to earn $13.34 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 37.5%.

Monolithic Power Systems Price Performance

MPWR stock opened at $608.44 on Friday. The stock has a market capitalization of $29.68 billion, a P/E ratio of 68.60, a P/E/G ratio of 2.97 and a beta of 1.05. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The business has a fifty day moving average price of $730.56 and a 200-day moving average price of $807.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, analysts anticipate that Monolithic Power Systems will post 10.46 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MPWR shares. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday. They issued a “buy” rating and a $700.00 target price on the stock. Truist Financial restated a “buy” rating and issued a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. TD Cowen lowered their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. KeyCorp cut their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $828.67.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at $53,754,928.08. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock valued at $17,153,021 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

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.