Monolithic Power Systems, Inc. to Issue Quarterly Dividend of $0.20 (MPWR)
Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Friday, June 16th, NASDAQ reports. Stockholders of record on Friday, June 30th will be paid a dividend of 0.20 per share by the semiconductor company on Friday, July 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, June 28th.
Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 1.26% during midday trading on Monday, hitting $98.41. 29,777 shares of the stock were exchanged. Monolithic Power Systems has a 1-year low of $62.38 and a 1-year high of $103.92. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 73.50 and a beta of 1.21. The stock’s 50-day moving average price is $96.26 and its 200-day moving average price is $89.89.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. Monolithic Power Systems had a return on equity of 13.83% and a net margin of 14.00%. The company had revenue of $100.40 million during the quarter, compared to analyst estimates of $100.02 million. During the same quarter last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts forecast that Monolithic Power Systems will post $2.85 EPS for the current year.
In other news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $96.84, for a total transaction of $1,452,600.00. Following the completion of the sale, the director now owns 807,758 shares in the company, valued at approximately $78,223,284.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Saria Tseng sold 5,606 shares of Monolithic Power Systems stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $92.24, for a total value of $517,097.44. Following the sale, the vice president now owns 295,738 shares of the company’s stock, valued at approximately $27,278,873.12. The disclosure for this sale can be found here. Insiders have sold a total of 94,866 shares of company stock valued at $8,902,113 in the last ninety days. Insiders own 5.00% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price (up previously from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. Stifel Nicolaus reduced their target price on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $97.00 target price (up previously from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $98.50.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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