Welcome to our dedicated page for Monolithic Power Systems news (Ticker: MPWR), a resource for investors and traders seeking the latest updates and insights on Monolithic Power Systems stock.
Monolithic Power Systems, Inc. (MPWR) is a leading provider of high-performance power solutions for various applications, including industrial systems, telecom infrastructures, cloud computing, automotive, and consumer electronics. Founded in 1997 by Michael R. Hsing and James C. Moyer, the company is headquartered in San Jose, CA.
MPS specializes in creating small, highly energy-efficient, and easy-to-use power management solutions. Their mission is to reduce total energy consumption in their customers' systems, offering green, practical, and compact solutions. The company operates on a fabless manufacturing model, partnering with third-party chip foundries to produce their proprietary BCD process technology.
MPS's core strengths include deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in semiconductor processes, system integration, and packaging. These advantages enable MPS to deliver reliable, compact, and monolithic solutions that are energy-efficient and cost-effective, providing a consistent return on investment for shareholders.
Recent financial results highlight MPS's strong performance. For the six months ended June 30, 2023, the company reported robust revenue across various end markets. The company's ability to repurchase stock further reflects its solid financial health and commitment to enhancing shareholder value.
MPS continues to innovate and expand its product offerings, focusing on reducing energy and material consumption to improve overall quality of life. Their commitment to sustainability and efficiency positions them as a significant player in the semiconductor industry.
For more information, visit their website at www.monolithicpower.com or contact their support offices worldwide.
Monolithic Power Systems (Nasdaq: MPWR) announced a dividend of $1.25 per share for the second quarter of 2024.
This dividend will be distributed to all stockholders of record as of June 28, 2024, with the payment date set for July 15, 2024.
Monolithic Power Systems, Inc. announced financial results for the first quarter ended March 31, 2024, with revenue of $457.9 million, a 0.9% increase from the previous quarter. GAAP gross margin was 55.1%, and non-GAAP gross margin was 55.7%. Operating expenses and income varied compared to the previous year. CEO Michael Hsing remains cautious about business conditions for the second half of 2024. MPS set financial targets for the second quarter of 2024. Non-GAAP financial measures are included in the report. The company will host a conference call to discuss the results.
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