Monolithic Power Systems, Inc. (MPWR) To Go Ex-Dividend on March 31st

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Thursday, February 5th. Investors of record on Tuesday, March 31st will be paid a dividend of 2.00 per share by the semiconductor company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 28.2% increase from Monolithic Power Systems’s previous quarterly dividend of $1.56.

Monolithic Power Systems has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Monolithic Power Systems has a dividend payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Monolithic Power Systems to earn $16.59 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 48.2%.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,053.01 on Friday. Monolithic Power Systems has a 1-year low of $438.86 and a 1-year high of $1,256.22. The stock has a market cap of $51.72 billion, a PE ratio of 82.65, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. The firm has a fifty day moving average price of $1,120.02 and a 200 day moving average price of $1,009.82.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same quarter last year, the company posted $4.09 earnings per share. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. As a group, equities analysts expect that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Saria Tseng sold 22,875 shares of Monolithic Power Systems stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the sale, the executive vice president owned 200,626 shares of the company’s stock, valued at $234,965,146.16. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the transaction, the chief financial officer owned 82,353 shares in the company, valued at approximately $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,580 shares of company stock worth $113,337,222 in the last ninety days. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its stake in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Norges Bank purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $658,656,000. Invesco Ltd. boosted its stake in shares of Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after buying an additional 295,556 shares in the last quarter. SG Americas Securities LLC grew its holdings in Monolithic Power Systems by 77,483.1% during the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after acquiring an additional 261,893 shares during the period. Finally, First Trust Advisors LP grew its holdings in Monolithic Power Systems by 56.6% during the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after acquiring an additional 253,653 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Monolithic Power Systems

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.