Declared Dividend • Jun 17
First quarter dividend of US$2.00 announced Shareholders will receive a dividend of US$2.00. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 48%. Cash payout ratio: 63%. Announcement • Jun 13
Monolithic Power Systems, Inc. Announces Dividend for Second Quarter of 2026, Payable on July 15, 2026 On June 12, 2026, Monolithic Power Systems, Inc. announced the second quarter cash dividend of $2.00 per share to all stockholders of record as of the close of business on June 30, 2026. The dividend will be paid to stockholders on July 15, 2026. Recent Insider Transactions • May 25
Founder recently sold €51m worth of stock On the 18th of May, Michael Hsing sold around 40k shares on-market at roughly €1,274 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €184m. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Eileen Wynne was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 04
Monolithic Power Systems, Inc., Annual General Meeting, Jun 11, 2026 Monolithic Power Systems, Inc., Annual General Meeting, Jun 11, 2026. Announcement • Apr 16
Monolithic Power Systems, Inc. to Report Q1, 2026 Results on Apr 30, 2026 Monolithic Power Systems, Inc. announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Announcement • Jan 15
Monolithic Power Systems, Inc. to Report Q4, 2025 Results on Feb 05, 2026 Monolithic Power Systems, Inc. announced that they will report Q4, 2025 results After-Market on Feb 05, 2026 Announcement • Dec 13
Monolithic Power Systems, Inc. Announces Fourth Quarter Cash Dividend, Payable on January 15, 2026 On December 12, 2025, Monolithic Power Systems, Inc. issued a press release announcing the fourth quarter cash dividend of $1.56 per share to all stockholders of record as of the close of business on December 31, 2025. The dividend will be paid to stockholders on January 15, 2026. Announcement • Oct 31
Monolithic Power Systems, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2025 Monolithic Power Systems, Inc. provided earnings guidance for the fourth quarter ending December 31, 2025. For the year, the company expects Revenue in the range of $730.0 million to $750.0 million. Announcement • Oct 10
Monolithic Power Systems, Inc. to Report Q3, 2025 Results on Oct 30, 2025 Monolithic Power Systems, Inc. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Announcement • Oct 07
Reed Semiconductor Corp. Files Patent Infringement Lawsuit Against Monolithic Power Systems Reed Semiconductor Corp. announced that it has filed a patent infringement lawsuit (Case No. 6:25-cv-00449) in the United States District Court for the Western District of Texas against Monolithic Power Systems Inc. (MPS). The lawsuit alleges infringement of U.S. Patent No. 7,960,955, which covers power semiconductor devices incorporating a linear regulator to stabilize input voltage across multiple MPS product families. The filing follows a series of lawsuits initiated by MPS in 2023, 2024, and 2025 in the U.S. District Court for the District of Delaware. According to Reed, discovery in those cases has revealed the claims to be false. Reed's new complaint also asserting that MPS engaged in bad- faith interference with Reed's established business relationships and contractual agreements. Announcement • Sep 12
Monolithic Power Systems, Inc. Announces Third Quarter 2025 Dividend, Payable on October 15, 2025 Monolithic Power Systems, Inc. announced its third quarter dividend of $1.56 per common share to all stockholders of record as of the close of business on September 30, 2025. The dividend will be paid on October 15, 2025. Announcement • Jul 16
Monolithic Power Systems, Inc. to Report Q2, 2025 Results on Jul 31, 2025 Monolithic Power Systems, Inc. announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Announcement • Jun 14
Monolithic Power Systems Announces Second Quarter 2025 Dividend, Payable on July 15, 2025 Monolithic Power Systems, Inc. announced its second quarter dividend of $1.56 per common share to all stockholders of record as of the close of business on June 30, 2025. The dividend will be paid on July 15, 2025. Announcement • May 02
Monolithic Power Systems, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2025 Monolithic Power Systems, Inc. provided earnings guidance for the second quarter ending June 30, 2025. For the quarter, the company expects Revenue in the range of $640.0 million to $660.0 million. Announcement • Apr 24
Monolithic Power Systems, Inc., Annual General Meeting, Jun 12, 2025 Monolithic Power Systems, Inc., Annual General Meeting, Jun 12, 2025. Announcement • Apr 17
Monolithic Power Systems, Inc. to Report Q1, 2025 Results on May 01, 2025 Monolithic Power Systems, Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 Announcement • Feb 06
Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Monolithic Power Systems, Inc Robbins Geller Rudman & Dowd LLP announces that purchasers of Monolithic Power Systems, Inc. common stock between February 8, 2024 and November 8, 2024, inclusive (the “Class Period”), have until April 7, 2025 to seek appointment as lead plaintiff of the Monolithic Power Systemsclass action lawsuit. Captioned Waterford Township General Employees Retirement System v. Monolithic Power Systems, Inc., No. 25-cv-00220 (W.D. Wash.), the Monolithic Power Systemsclass action lawsuit charges Monolithic Power Systems and certain of Monolithic Power Systems’ top executive officers with violations of the Securities Exchange Act of 1934. CASE ALLEGATIONS: Monolithic Power Systems is a provider of power management components used in electronic systems. Nvidia Corporation – the world’s leading supplier of GPUs – is Monolithic Power Systems’ customer. The Monolithic Power Systemsclass action lawsuit alleges that defendants throughout the class period made false and/or misleading statements and/or failed to disclose that: (i) Monolithic Power Systems’ voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (ii) these defects had, in turn, negatively impacted the performance of certain products offered by Nvidia in which such products were used; (iii) Monolithic Power Systems had failed to adequately address and resolve known issues affecting the performance of the power management solutions Monolithic Power Systems supplied to Nvidia; (iv) Monolithic Power Systems’ relationship with Nvidia had been irreparably damaged due to the significant performance and quality control problems affecting the products it supplied to Nvidia and Monolithic Power Systems’ failure to adequately address such issues; and (v) as a result of the above, Monolithic Power Systems was acutely exposed to material undisclosed risks of significant business, financial, and reputational harm. On October 30, 2024, Monolithic Power Systems announced financial results for its fiscal quarter ending September 30, 2024, revealing a sudden and surprising slowdown in Monolithic Power Systems’ critical Enterprise Data segment. Specifically, Monolithic Power Systems reported that quarterly revenue within Monolithic Power Systems’ Enterprise Data business declined sequentially to $184 million, down from $187 million in the prior quarter, missing consensus estimates of $211 million by nearly 13%. On this news, the price of Monolithic Power Systems common stock fell more than 17%. Then, on November 11, 2024, Edgewater Research analysts published a report revealing that Nvidia had cancelled half of its outstanding Monolithic Power Systems orders and intended to eliminate Monolithic Power Systems’ allocation to most variants of its next-generation Blackwell chips due to “[p]erformance issues” with Monolithic Power Systems’ products. The report further disclosed that Nvidia engineers had “lost confidence” in Monolithic Power Systems’ products and decided to turn to Monolithic Power Systems’ competitors as Nvidia’s “primary suppliers.” On this news, the price of Monolithic Power Systems common stock fell nearly 15%. Announcement • Jan 17
Monolithic Power Systems, Inc. to Report Q4, 2024 Results on Feb 06, 2025 Monolithic Power Systems, Inc. announced that they will report Q4, 2024 results After-Market on Feb 06, 2025 Announcement • Dec 14
Monolithic Power Systems Announces Fourth Quarter 2024 Dividend, Payable on January 15, 2025 Monolithic Power Systems, Inc. announced its fourth quarter dividend of $1.25 per common share to all stockholders of record as of the close of business on December 31, 2024. The dividend will be paid on January 15, 2025. Recent Insider Transactions • Nov 16
Founder recently sold €2.0m worth of stock On the 8th of November, Michael Hsing sold around 3k shares on-market at roughly €713 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €9.3m. Michael has been a net seller over the last 12 months, reducing personal holdings by €52m. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €574, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €360 per share. Recent Insider Transactions • Nov 07
Executive VP & CFO recently sold €1.8m worth of stock On the 1st of November, Theodore Blegen sold around 3k shares on-market at roughly €713 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €9.3m. Theodore has been a net seller over the last 12 months, reducing personal holdings by €25m. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$2.96 (vs US$2.54 in 3Q 2023) Third quarter 2024 results: EPS: US$2.96 (up from US$2.54 in 3Q 2023). Revenue: US$620.1m (up 31% from 3Q 2023). Net income: US$144.4m (up 19% from 3Q 2023). Profit margin: 23% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Announcement • Oct 23
Monolithic Power Systems, Inc. Announces Board Changes On October 21, 2024, Mr. James C. Moyer resigned from the Board of Directors (the “Board”) of Monolithic Power Systems, Inc. and as a result, the Board decreased the total number of its authorized directors from eight to seven. To achieve a more equal balance of membership among the classes of directors of the Company, the Board has reduced the total number of authorized directors in Class II to two, increased the total number of authorized directors in Class I to two and appointed Mr. Jeff Zhou as a Class I director with a term set to expire at the 2026 annual meeting of stockholders. On October 21, 2024, Mr. Zhou resigned as a Class II director, effective immediately prior to his reappointment to the Board as a Class I director. For all other purposes, Mr. Zhou’s service on the Board is deemed to have continued uninterrupted. The Board now consists of two Class I directors whose term will expire at the annual meeting of stockholders in 2026; two Class II directors whose term will expire at the annual meeting of stockholders in 2027; and three Class III directors whose term will expire at the annual meeting of stockholders in 2025. In addition, Mr. Zhou continues to serve on the Company’s Compensation Committee and Audit Committee. Announcement • Oct 16
Monolithic Power Systems, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Monolithic Power Systems, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Recent Insider Transactions • Oct 03
Executive VP & CFO recently sold €2.1m worth of stock On the 1st of October, Theodore Blegen sold around 3k shares on-market at roughly €821 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €8.6m. Theodore has been a net seller over the last 12 months, reducing personal holdings by €23m. Declared Dividend • Sep 23
Second quarter dividend of US$1.25 announced Shareholders will receive a dividend of US$1.25. Ex-date: 30th September 2024 Payment date: 15th October 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 53%. Cash payout ratio: 39%. Announcement • Sep 14
Monolithic Power Systems, Inc. Announces Third Quarter 2024 Dividend, Payable on October 15, 2024 Monolithic Power Systems, Inc. announced its third quarter 2024 dividend of $1.25 per common share to all stockholders of record as of the close of business on September 30, 2024. The dividend will be paid on October 15, 2024. New Risk • Sep 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Significant insider selling over the past 3 months (€87m sold). Recent Insider Transactions • Aug 23
Key Executive recently sold €8.6m worth of stock On the 22nd of August, Deming Xiao sold around 10k shares on-market at roughly €855 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €29m. Deming has been a net seller over the last 12 months, reducing personal holdings by €23m. Recent Insider Transactions • Aug 13
Founder recently sold €2.0m worth of stock On the 8th of August, Michael Hsing sold around 3k shares on-market at roughly €713 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €29m. Michael has been a net seller over the last 12 months, reducing personal holdings by €54m. Recent Insider Transactions • Aug 04
Executive VP & CFO recently sold €2.0m worth of stock On the 1st of August, Theodore Blegen sold around 3k shares on-market at roughly €790 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €29m. Theodore has been a net seller over the last 12 months, reducing personal holdings by €19m. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$2.06 (vs US$2.10 in 2Q 2023) Second quarter 2024 results: EPS: US$2.06. Revenue: US$507.4m (up 15% from 2Q 2023). Net income: US$100.4m (flat on 2Q 2023). Profit margin: 20% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany. Announcement • Aug 02
Monolithic Power Systems, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2024 Monolithic Power Systems, Inc. provided earnings guidance for the third quarter ending September 30, 2024. For the quarter, the company expected revenue in the range of $590.0 million to $610.0 million. GAAP gross margin between 55.2% and 55.8%. Recent Insider Transactions • Jul 25
Founder recently sold €7.3m worth of stock On the 22nd of July, Michael Hsing sold around 10k shares on-market at roughly €764 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €29m. Michael has been a net seller over the last 12 months, reducing personal holdings by €56m. Announcement • Jul 16
Monolithic Power Systems, Inc. to Report Q2, 2024 Results on Aug 01, 2024 Monolithic Power Systems, Inc. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Recent Insider Transactions • Jul 05
EVP of Strategic Corporate Development recently sold €29m worth of stock On the 2nd of July, Saria Tseng sold around 39k shares on-market at roughly €753 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €176m more than they bought in the last 12 months. Declared Dividend • Jun 24
First quarter dividend of US$1.25 announced Shareholders will receive a dividend of US$1.25. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 40%. Announcement • Jun 15
Monolithic Power Systems Announces Second Quarter 2024 Dividend, Payable on July 15, 2024 Monolithic Power Systems, Inc. announced its second quarter dividend of $1.25 per common share to all stockholders of record as of the close of business on June 28, 2024. The dividend will be paid on July 15, 2024. Recent Insider Transactions • Jun 09
Founder recently sold €5.4m worth of stock On the 3rd of June, Michael Hsing sold around 8k shares on-market at roughly €672 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.9m. Michael has been a net seller over the last 12 months, reducing personal holdings by €65m. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director Eileen Wynne was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 05
Founder recently sold €5.0m worth of stock On the 1st of May, Michael Hsing sold around 8k shares on-market at roughly €620 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.9m. Michael has been a net seller over the last 12 months, reducing personal holdings by €59m. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.90 (vs US$2.33 in 1Q 2023) First quarter 2024 results: EPS: US$1.90 (down from US$2.33 in 1Q 2023). Revenue: US$457.9m (up 1.5% from 1Q 2023). Net income: US$92.5m (down 16% from 1Q 2023). Profit margin: 20% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 32% per year. Announcement • May 02
Monolithic Power Systems, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024 Monolithic Power Systems, Inc. provided earnings guidance for the second quarter ending June 30, 2024. For the quarter, the company expected revenue in the range of $480.0 million to $500.0 million. Announcement • May 01
Monolithic Power Systems, Inc., Annual General Meeting, Jun 13, 2024 Monolithic Power Systems, Inc., Annual General Meeting, Jun 13, 2024, at 10:00 Pacific Standard Time. Agenda: To ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2024; to hold an advisory vote to approve the compensation of named executive officers; and to discuss other matters. Announcement • Apr 16
Monolithic Power Systems, Inc. to Report Q1, 2024 Results on May 01, 2024 Monolithic Power Systems, Inc. announced that they will report Q1, 2024 results After-Market on May 01, 2024 Recent Insider Transactions • Apr 04
Founder recently sold €5.0m worth of stock On the 1st of April, Michael Hsing sold around 8k shares on-market at roughly €631 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.2m. Michael has been a net seller over the last 12 months, reducing personal holdings by €61m. Upcoming Dividend • Mar 20
Upcoming dividend of US$1.25 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.1%). Recent Insider Transactions • Mar 05
Founder recently sold €5.4m worth of stock On the 1st of March, Michael Hsing sold around 8k shares on-market at roughly €671 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €10m. Michael has been a net seller over the last 12 months, reducing personal holdings by €61m. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: US$8.98 (vs US$9.37 in FY 2022) Full year 2023 results: EPS: US$8.98 (down from US$9.37 in FY 2022). Revenue: US$1.82b (up 1.5% from FY 2022). Net income: US$427.4m (down 2.4% from FY 2022). Profit margin: 24% (in line with FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 35% per year. Declared Dividend • Feb 12
Fourth quarter dividend of US$1.25 announced Shareholders will receive a dividend of US$1.25. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 45%. Cash payout ratio: 50%. Announcement • Feb 08
Monolithic Power Systems, Inc. (NasdaqGS:MPWR) acquired Axign B.V. Monolithic Power Systems, Inc. (NasdaqGS:MPWR) acquired Axign B.V. on February 7, 2024.Monolithic Power Systems, Inc. (NasdaqGS:MPWR) completed the acquisition of Axign B.V. on February 7, 2024. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$8.98 (vs US$9.37 in FY 2022) Full year 2023 results: EPS: US$8.98 (down from US$9.37 in FY 2022). Revenue: US$1.82b (up 1.5% from FY 2022). Net income: US$427.4m (down 2.4% from FY 2022). Profit margin: 24% (in line with FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 06
Founder recently sold €4.4m worth of stock On the 1st of February, Michael Hsing sold around 8k shares on-market at roughly €555 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €10m. Michael has been a net seller over the last 12 months, reducing personal holdings by €64m. Announcement • Jan 17
Monolithic Power Systems, Inc. to Report Q4, 2023 Results on Feb 07, 2024 Monolithic Power Systems, Inc. announced that they will report Q4, 2023 results After-Market on Feb 07, 2024 Recent Insider Transactions • Dec 15
VP of Strategic Corporate Development recently sold €10m worth of stock On the 13th of December, Saria Tseng sold around 19k shares on-market at roughly €556 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €153m more than they bought in the last 12 months. Recent Insider Transactions • Nov 23
Independent Director recently sold €1.9m worth of stock On the 16th of November, James Moyer sold around 4k shares on-market at roughly €496 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.8m. Insiders have been net sellers, collectively disposing of €143m more than they bought in the last 12 months. Recent Insider Transactions • Nov 08
Founder recently sold €1.7m worth of stock On the 6th of November, Michael Hsing sold around 4k shares on-market at roughly €459 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €4.8m. Michael has been a net seller over the last 12 months, reducing personal holdings by €63m. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €442, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €345 per share. Announcement • Nov 01
Monolithic Power Systems, Inc. (NasdaqGS:MPWR) announces an Equity Buyback for $640 million worth of its shares. Monolithic Power Systems, Inc. (NasdaqGS:MPWR) announces a share repurchase program. Under the program, the company will repurchase up to $640 million worth of its shares. Shares of common stock repurchased under the program will be retired. The repurchases will be funded from available working capital and cash repatriation from company's Bermuda subsidiary. The program will expire on October 29, 2026. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$2.54 (vs US$2.66 in 3Q 2022) Third quarter 2023 results: EPS: US$2.54 (down from US$2.66 in 3Q 2022). Revenue: US$474.9m (down 4.1% from 3Q 2022). Net income: US$121.2m (down 2.6% from 3Q 2022). Profit margin: 26% (in line with 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Oct 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Significant insider selling over the past 3 months (€18m sold). Announcement • Oct 31
Monolithic Power Systems, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023 Monolithic Power Systems, Inc. provided earnings guidance for the fourth quarter ending December 31, 2023. For the quarter, the company expects revenue to be in the range of $442.0 million to $462.0 million. Interest and other income to be in the range of $4.1 million to $4.5 million. Announcement • Oct 13
Monolithic Power Systems, Inc. to Report Q3, 2023 Results on Oct 30, 2023 Monolithic Power Systems, Inc. announced that they will report Q3, 2023 results on Oct 30, 2023 Recent Insider Transactions • Oct 06
Founder recently sold €4.8m worth of stock On the 2nd of October, Michael Hsing sold around 11k shares on-market at roughly €436 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €14m. Michael has been a net seller over the last 12 months, reducing personal holdings by €62m. Announcement • Sep 16
Monolithic Power Systems, Inc. Announces Third Quarter Dividend on Common Share, Payable on October 13, 2023 Monolithic Power Systems, Inc. announced its third quarter dividend of $1.00 per common share to all stockholders of record as of the close of business on September 29, 2023. The dividend will be paid on October 13, 2023. Recent Insider Transactions • Aug 08
Founder recently sold €1.8m worth of stock On the 4th of August, Michael Hsing sold around 4k shares on-market at roughly €477 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €14m. Michael has been a net seller over the last 12 months, reducing personal holdings by €64m. New Risk • Aug 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Significant insider selling over the past 3 months (€46m sold). Announcement • Aug 02
Monolithic Power Systems, Inc. Provides Revenue Guidance for the Third Quarter Ending September 30, 2023 Monolithic Power Systems, Inc. provided revenue guidance for the third quarter ending September 30, 2023. For the period, the company expects revenue to be in the range of $464.0 million to $484.0 million. Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$2.10 (vs US$2.46 in 2Q 2022) Second quarter 2023 results: EPS: US$2.10 (down from US$2.46 in 2Q 2022). Revenue: US$441.1m (down 4.3% from 2Q 2022). Net income: US$99.5m (down 13% from 2Q 2022). Profit margin: 23% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 26
Founder recently sold €14m worth of stock On the 21st of July, Michael Hsing sold around 29k shares on-market at roughly €480 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €64m. Announcement • Jul 18
Monolithic Power Systems, Inc. to Report Q2, 2023 Results on Jul 31, 2023 Monolithic Power Systems, Inc. announced that they will report Q2, 2023 results After-Market on Jul 31, 2023 Recent Insider Transactions • Jul 06
Founder recently sold €5.4m worth of stock On the 3rd of July, Michael Hsing sold around 11k shares on-market at roughly €493 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €50m. Announcement • Jun 16
Monolithic Power Systems, Inc. Announces Second Quarter Dividend, Payable on July 14, 2023 Monolithic Power Systems, Inc. announced its second quarter dividend of $1.00 per share of common stock to all stockholders of record as of the close of business on June 30, 2023. The dividend will be paid on July 14, 2023. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €489, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €267 per share. Announcement • May 06
Monolithic Power Systems, Inc. Provides Revenue Guidance for the Second Quarter Ending June 30, 2023 Monolithic Power Systems, Inc. provided revenue guidance for the second quarter ending June 30, 2023. For the quarter, the company expected revenue in the range of $430.0 million to $450.0 million. Recent Insider Transactions • May 05
Founder recently sold €4.7m worth of stock On the 3rd of May, Michael Hsing sold around 11k shares on-market at roughly €419 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €9.7m. Michael has been a net seller over the last 12 months, reducing personal holdings by €48m. Recent Insider Transactions • Apr 09
Founder recently sold €5.0m worth of stock On the 3rd of April, Michael Hsing sold around 11k shares on-market at roughly €448 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €9.7m. Michael has been a net seller over the last 12 months, reducing personal holdings by €45m. Upcoming Dividend • Mar 23
Upcoming dividend of US$1.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.1%). Recent Insider Transactions • Feb 10
Founder recently sold €1.5m worth of stock On the 6th of February, Michael Hsing sold around 4k shares on-market at roughly €416 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €4.9m. Michael has been a net seller over the last 12 months, reducing personal holdings by €35m. Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: US$9.37 (vs US$5.28 in FY 2021) Full year 2022 results: EPS: US$9.37 (up from US$5.28 in FY 2021). Revenue: US$1.79b (up 49% from FY 2021). Net income: US$437.7m (up 81% from FY 2021). Profit margin: 24% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Monolithic Power Systems, Inc. Appoints Eileen Wynne as New Board Member Monolithic Power Systems, Inc. appointed Eileen Wynne to its Board of Directors (the “Board”) on February 7, 2023. Eileen Wynne, 56, has served as interim Chief Financial Officer of IDEX Biometrics ASA (“IDEX”), a provider of fingerprint identification technologies, since August 2022, and supported IDEX on a consulting basis since December 2020. From November 1999 to June 2019, Ms. Wynne held various managerial and senior roles at Analog Devices, Inc. (“ADI”), a global semiconductor company, including Vice President and Chief Accounting Officer from May 2013 to June 2019, and interim Chief Financial Officer from March 2017 to September 2017. Prior to ADI, Ms. Wynne held various positions in private and public accounting. Ms. Wynne holds a B.A. in Financial Economics from St. Anselm College and an M.S. in Accounting from Bentley University. 
