Monolithic Power Systems Inc. (NASDAQ:MPWR) declared a quarterly dividend on Tuesday, September 20th. Investors of record on Friday, September 30th will be paid a dividend of 0.20 per share on Friday, October 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Wednesday, September 28th.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded down 0.51% during mid-day trading on Tuesday, hitting $75.57. The stock had a trading volume of 252,473 shares. The company has a 50 day moving average price of $74.74 and a 200 day moving average price of $67.98. The firm has a market cap of $3.06 billion, a P/E ratio of 72.73 and a beta of 1.58. Monolithic Power Systems has a 12-month low of $47.94 and a 12-month high of $78.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $94.10 million for the quarter, compared to the consensus estimate of $93.08 million. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Equities analysts forecast that Monolithic Power Systems will post $2.26 earnings per share for the current fiscal year.

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In related news, insider Deming Xiao sold 7,114 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $72.66, for a total value of $516,903.24. Following the sale, the insider now directly owns 284,286 shares in the company, valued at approximately $20,656,220.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Hsing sold 21,094 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $72.66, for a total value of $1,532,690.04. Following the completion of the sale, the chief executive officer now owns 1,208,497 shares in the company, valued at $87,809,392.02. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of MPWR. BlackRock Fund Advisors boosted its stake in Monolithic Power Systems by 2.3% in the second quarter. BlackRock Fund Advisors now owns 2,453,385 shares of the company’s stock valued at $167,615,000 after buying an additional 55,079 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Monolithic Power Systems by 3.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 933,170 shares of the company’s stock valued at $63,754,000 after buying an additional 27,361 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in Monolithic Power Systems by 107.1% in the second quarter. Westfield Capital Management Co. LP now owns 701,438 shares of the company’s stock valued at $47,922,000 after buying an additional 362,821 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Monolithic Power Systems by 7.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 479,229 shares of the company’s stock valued at $32,741,000 after buying an additional 32,934 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Monolithic Power Systems by 79.5% in the second quarter. Baird Financial Group Inc. now owns 453,121 shares of the company’s stock valued at $30,957,000 after buying an additional 200,742 shares in the last quarter. Hedge funds and other institutional investors own 97.94% of the company’s stock.

MPWR has been the topic of a number of recent analyst reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Monday, June 6th. Zacks Investment Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, July 14th. Needham & Company LLC reiterated a “buy” rating and set a $76.00 target price (up from $68.00) on shares of Monolithic Power Systems in a research report on Wednesday, July 27th. Finally, William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Monday, September 12th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $73.63.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

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