Monolithic Power Systems, Inc. (MPWR) To Go Ex-Dividend on March 31st

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Thursday, February 6th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 1.56 per share by the semiconductor company on Tuesday, April 15th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, March 31st. This is a 24.8% increase from Monolithic Power Systems’s previous quarterly dividend of $1.25.

Monolithic Power Systems has increased its dividend by an average of 27.7% annually over the last three years. Monolithic Power Systems has a payout ratio of 31.2% meaning 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 Price Performance

NASDAQ MPWR opened at $579.89 on Friday. The stock has a market capitalization of $27.76 billion, a P/E ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03. The firm’s 50-day moving average is $637.11 and its two-hundred day moving average is $699.67. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, analysts anticipate that Monolithic Power Systems will post 13.2 EPS for the current year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Monolithic Power Systems

An institutional investor recently raised its position in Monolithic Power Systems stock. Brighton Jones LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 635 shares of the semiconductor company’s stock after buying an additional 200 shares during the quarter. Brighton Jones LLC’s holdings in Monolithic Power Systems were worth $376,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. 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. Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $851.58.

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.