Monolithic Power Systems, Inc. (MPWR) to Issue Quarterly Dividend of $0.20 on January 12th

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.20 per share by the semiconductor company on Friday, January 12th. This represents a $0.80 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, December 28th.

Monolithic Power Systems (NASDAQ MPWR) traded down $0.03 on Wednesday, hitting $113.14. 145,600 shares of the stock traded hands, compared to its average volume of 279,564. Monolithic Power Systems has a 52 week low of $81.36 and a 52 week high of $126.80. The firm has a market capitalization of $4,700.00, a PE ratio of 69.84, a PEG ratio of 3.50 and a beta of 1.25.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. Monolithic Power Systems’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. equities research analysts expect that Monolithic Power Systems will post 1.8 EPS for the current fiscal year.

In related news, CEO Michael Hsing sold 19,765 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $123.06, for a total transaction of $2,432,280.90. Following the transaction, the chief executive officer now directly owns 1,125,086 shares of the company’s stock, valued at $138,453,083.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Maurice Sciammas sold 5,607 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $123.06, for a total transaction of $689,997.42. Following the transaction, the vice president now directly owns 362,088 shares in the company, valued at $44,558,549.28. The disclosure for this sale can be found here. Insiders sold 97,994 shares of company stock worth $11,636,168 over the last ninety days. Insiders own 4.00% of the company’s stock.

Several research analysts recently issued reports on MPWR shares. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. KeyCorp reissued a “buy” rating and set a $115.00 target price on shares of Monolithic Power Systems in a research note on Friday, September 1st. Deutsche Bank increased their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. SunTrust Banks began coverage on shares of Monolithic Power Systems in a research note on Tuesday, October 10th. They issued a “buy” rating and a $132.00 price objective on the stock. Finally, BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $129.25.

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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.

Dividend History for Monolithic Power Systems (NASDAQ:MPWR)

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