Monolithic Power Systems, Inc. (MPWR) Declares Quarterly Dividend of $0.20
Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Thursday, September 14th, RTT News reports. Investors of record on Friday, September 29th will be paid a dividend of 0.20 per share by the semiconductor company on Friday, October 13th. This represents a $0.80 dividend on an annualized basis and a yield of 0.78%.
Shares of Monolithic Power Systems (NASDAQ MPWR) traded down 0.95% during midday trading on Thursday, reaching $102.83. The company had a trading volume of 337,410 shares. Monolithic Power Systems has a one year low of $74.07 and a one year high of $107.87. The company has a 50 day moving average price of $101.38 and a 200-day moving average price of $96.52. The firm has a market capitalization of $4.26 billion, a P/E ratio of 72.52 and a beta of 1.22.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The business had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, analysts anticipate that Monolithic Power Systems will post $2.87 EPS for the current fiscal year.
In related news, Director James C. Moyer sold 2,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $102.25, for a total value of $204,500.00. Following the completion of the transaction, the director now directly owns 776,201 shares in the company, valued at $79,366,552.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $105.20, for a total transaction of $1,578,000.00. Following the completion of the transaction, the director now owns 761,201 shares of the company’s stock, valued at $80,078,345.20. The disclosure for this sale can be found here. Insiders have sold a total of 117,730 shares of company stock valued at $11,943,358 over the last 90 days. Company insiders own 4.00% of the company’s stock.
MPWR has been the topic of a number of analyst reports. Pacific Crest reissued an “overweight” rating and set a $110.00 target price on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price (up previously from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $117.00 target price on shares of Monolithic Power Systems in a report on Sunday, September 3rd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $112.63.
Monolithic Power Systems Company Profile
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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