Monolithic Energy Systems, Inc. (NASDAQ:MPWR – Get Rating) announced a quarterly dividend on Thursday, September 15, Zacks reports. Shareholders of record on Friday, September 30 will receive a dividend of $0.75 per share on Friday, October 14 from the semiconductor company. This equates to an annualized dividend of $3.00 and a yield of 0.72%. The ex-dividend date is Thursday September 29th.
Monolithic Power Systems has increased its dividend payment by an average of 26.0% per year for the past three years, and has increased its dividend every year for the past 5 years. Monolithic Power Systems has a dividend payout ratio of 21.0%, which means the dividend is sufficiently covered by earnings. Research analysts expect Monolithic Power Systems to earn $11.41 per share over the next year, meaning the company should still be able to pay its $3.00 annual dividend with an expected future payout ratio of 26.3%.
Monolithic power supply systems price performance
MPWR stock opened at $417.96 on Friday. Monolithic Power Systems has a 1 year low of $348.02 and a 1 year high of $580.00. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 59.97, a PEG ratio of 1.75 and a beta of 1.10. The company has a 50-day simple moving average of $463.48 and a 200-day simple moving average of $438.76.
Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last reported its quarterly earnings results on Monday, August 1st. The semiconductor company reported earnings per share of $3.25 for the quarter, beating the consensus estimate of $2.94 by $0.31. Monolithic Power Systems had a return on equity of 26.57% and a net margin of 22.40%. The company had revenue of $461.00 million for the quarter compared to the consensus estimate of $430.59 million. In the same period last year, the company posted $1.17 per share. The company’s revenue for the quarter increased 57.2% compared to the same quarter last year. Sell-side analysts expect Monolithic Power Systems to post 9.59 EPS for the current fiscal year.
Analyst upgrades and downgrades
Several analysts have recently issued reports on MPWR stock. Needham & Company LLC raised its target price on Monolithic Power Systems to $550.00 from $500.00 and gave the stock a “buy” rating in a report on Tuesday, August 2. Cowen raised his target price on Monolithic Power Systems to $600.00 from $550.00 and gave the stock an outperform rating in a report Tuesday, August 2. Deutsche Bank Aktiengesellschaft raised its target price on Monolithic Power Systems to $530.00 from $457.00 in a report on Tuesday, August 2nd. KeyCorp increased its target price on Monolithic Power Systems to $580.00 from $570.00 and gave the stock an overweight rating in a report Tuesday, August 2. Finally, Cowen raised his price target on Monolithic Power Systems to $600.00 from $550.00 and gave the stock an outperform rating in a report on Tuesday, August 2nd. One research analyst has rated the stock as hold and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of Moderate Buy and an average target price of $571.67.
Insiders place their bets
In other news from Monolithic Power Systems, on Friday, August 12, VP Maurice Sciammas sold 1,633 shares of the stock in one transaction. The stock sold at an average price of $525.95 for a total value of $858,876.35. Following the sale, the Vice President now owns 214,535 shares of the company, valued at $112,834,683.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. In other news, insider Deming Xiao sold 4,515 shares of the stock in one transaction on Friday, July 1. The stock sold at an average price of $361.58 for a total transaction of $1,632,533.70. Following the transaction, the insider now owns 282,074 shares of the company’s stock valued at approximately $101,992,316.92. The transaction was disclosed in a filing with the Securities & Exchange Commission available at this link. Also on Friday, August 12, VP Maurice Sciammas sold 1,633 shares of the stock in one transaction. The stock sold at an average price of $525.95 for a total value of $858,876.35. Following the transaction, the Vice President now directly owns 214,535 shares of the Company, valued at approximately $112,834,683.25. The disclosure for this sale can be found here. Insiders sold a total of 37,482 shares of the company’s shares during the most recent quarter, valued at $16,926,370. Company insiders own 2.00% of the company’s stock.
Hedge funds rely on monolithic energy systems
A number of hedge funds and other institutional investors have recently changed their positions in the company. Achmea Investment Management BV acquired a new interest in Monolithic Power Systems valued at approximately $27,000 during the first quarter. Brown Brothers Harriman & Co. acquired a new interest in Monolithic Power Systems for approximately $57,000 during the first quarter. Covestor Ltd increased its position in Monolithic Power Systems by 108.8% in the first quarter. Covestor Ltd now owns 213 shares of the $104,000 semiconductor company after buying another 111 shares last quarter. XTX Topco Ltd acquired a new interest in Monolithic Power Systems valued at approximately $202,000 during the first quarter. Eventually, Meiji Yasuda Asset Management Co Ltd built. increased its position in Monolithic Power Systems by 14.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 570 shares of the $219,000 semiconductor company after buying another 70 shares last quarter. Institutional investors own 93.24% of the company’s shares.
Company Profile of Monolithic Power Systems
Monolithic Power Systems, Inc is engaged in the design, development, marketing and sales of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications and consumer markets. The company offers direct current (DC)-to-DC integrated circuits (ICs) used to convert and control voltages of various electronic systems such as: Such as portable electronic devices, wireless access points, computers and notebooks, monitors, infotainment applications and medical equipment.
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