Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Friday, February 9th, Wall Street Journal reports. Investors of record on Friday, March 30th will be given a dividend of 0.30 per share by the semiconductor company on Friday, April 13th. This represents a $1.20 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20.

Monolithic Power Systems (NASDAQ MPWR) traded up $6.26 during trading hours on Friday, reaching $110.08. The company had a trading volume of 1,038,128 shares, compared to its average volume of 343,112. The firm has a market capitalization of $4,566.86, a price-to-earnings ratio of 64.48, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27. Monolithic Power Systems has a 52-week low of $84.45 and a 52-week high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. The firm had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. Monolithic Power Systems’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. sell-side analysts predict that Monolithic Power Systems will post 1.8 EPS for the current year.

In other news, CEO Michael Hsing sold 18,817 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $119.63, for a total transaction of $2,251,077.71. Following the transaction, the chief executive officer now owns 1,106,269 shares of the company’s stock, valued at approximately $132,342,960.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $113.70, for a total value of $1,705,500.00. Following the transaction, the director now directly owns 720,225 shares in the company, valued at approximately $81,889,582.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,399 shares of company stock worth $10,919,514. Insiders own 4.00% of the company’s stock.

Several research analysts recently weighed in on the company. BidaskClub lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Stifel Nicolaus upped their price target on Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Oppenheimer upped their price target on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Finally, KeyCorp reissued a “buy” rating and set a $125.00 price target on shares of Monolithic Power Systems in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Monolithic Power Systems has an average rating of “Buy” and a consensus target price 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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