Monolithic Power Systems, Inc. (MPWR) To Go Ex-Dividend on June 30th

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 30th will be given a dividend of 2.00 per share by the semiconductor company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Monolithic Power Systems has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Monolithic Power Systems has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Monolithic Power Systems to earn $24.85 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 32.2%.

Monolithic Power Systems Trading Down 8.5%

Shares of MPWR stock opened at $1,316.24 on Friday. The firm has a fifty day simple moving average of $1,553.78 and a 200-day simple moving average of $1,246.82. The company has a market capitalization of $64.67 billion, a PE ratio of 94.90, a price-to-earnings-growth ratio of 2.35 and a beta of 1.69. Monolithic Power Systems has a twelve month low of $686.87 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.04 EPS. Equities research analysts predict that Monolithic Power Systems will post 20.13 EPS for the current year.

Insider Buying and Selling

In other news, Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares in the company, valued at $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This represents a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 113,043 shares of company stock worth $160,843,106. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Monolithic Power Systems

Hedge funds have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems during the fourth quarter valued at about $34,000. IFP Advisors Inc raised its position in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd lifted its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the last quarter. Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $38,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 28 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.