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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) announced a quarterly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 2.00 per share by the semiconductor company on Wednesday, July 15th. This represents a c) annualized dividend 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%per year over the last three years and has raised its dividend every year for the last 8 years. Monolithic Power Systems has a dividend payout ratio of 40.4% meaning 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 Price Performance

Shares of MPWR stock opened at $1,316.24 on Friday. Monolithic Power Systems has a one year low of $686.87 and a one year high of $1,714.09. The stock has a fifty day moving average price of $1,553.78 and a 200 day moving average price of $1,246.82. The stock has a market cap of $64.67 billion, a P/E ratio of 94.90, a price-to-earnings-growth ratio of 2.35 and a beta of 1.69.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, TD Cowen increased their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

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.