Is It Time To Review Stock News? Monolithic Power Systems (NASDAQ:MPWR)

Monolithic Power Systems (NASDAQ:MPWR) spotted trading -21.34% off 52-week high price. On the other end, the stock has been noted 24.35% away from the low price over the last 52-weeks. The stock changed -2.41% to recent value of $126.82. The stock transacted 87351 shares during most recent day however it has an average volume of 294.31K shares. The company has 42.56M of outstanding shares and 41.73M shares were floated in the market.

Monolithic Power Systems (MPS) (NASDAQ:MPWR), a leading company in high performance analog solutions, reported the final results of the 2019 Annual Meeting of Stockholders held on June 13, 2019 (the “Annual Meeting”). Stockholders re-elected the two director nominees with 97% and 74% of the votes cast for their election, ratified the appointment of MPS’ independent registered public accounting firm for 2019 with 99% of the votes cast for ratification, and approved the 2018 compensation of executive officers with 99% of the votes cast for approval.

“On behalf of the Board and management, I sincerely thank our stockholders for their overwhelming support for our proposals, including our executive compensation program,” said Michael Hsing, CEO and founder of MPS.

Second Quarter Dividend

MPS also announced today its second quarter dividend of $0.40 per common share to all stockholders of record as of the close of business on June 28, 2019. The dividend will be paid on July 15, 2019.

Its earnings per share (EPS) expected to touch remained -10.90% for this year while earning per share for the next 5-years is expected to reach at 25.00%. MPWR has a gross margin of 55.40% and an operating margin of 19.10% while its profit margin remained 18.40% for the last 12 months.

According to the most recent quarter its current ratio was 6.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.93% from the mean of 20 days, -7.70% from mean of 50 days SMA and performed -2.65% from mean of 200 days price. Company’s performance for the week was 5.10%, 1.26% for month and YTD performance remained 11.78%.


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