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

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Friday, December 12th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 1.56 per share by the semiconductor company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st.

Monolithic Power Systems has increased its dividend 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 payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 $6.24 annual dividend with an expected future payout ratio of 37.6%.

Monolithic Power Systems Trading Down 1.0%

Shares of Monolithic Power Systems stock opened at $943.77 on Monday. Monolithic Power Systems has a 52 week low of $438.86 and a 52 week high of $1,123.38. The stock has a market cap of $45.22 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.20 and a beta of 1.47. The company’s 50-day moving average price is $963.45 and its two-hundred day moving average price is $868.94.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.11. The firm had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.06 earnings per share. On average, equities analysts predict that Monolithic Power Systems will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MPWR. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday. Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Wells Fargo & Company upped their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Citigroup increased their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

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.