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 reports news about its fabless power-management semiconductor business, including earnings results, dividend actions, product and end-market updates, and governance changes. The company provides high-performance, semiconductor-based power electronics solutions for industrial applications, telecom infrastructure, cloud computing, automotive and consumer applications, with updates often referencing optical modules, switches, server-related demand and DDR5 high-speed interface products.
Company announcements also cover intellectual-property matters, manufacturing-capacity planning, and leadership transitions tied to finance functions. News about MPWR generally links revenue and margin commentary to its diversified end markets and to its model of designing compact, energy-efficient power solutions through proprietary semiconductor process, system-integration and packaging technologies.
Monolithic Power Systems (Nasdaq: MPWR) announced lawsuits against Meraki Integrated Circuit Technology and its founders for breach of contract, fraud, and trade secret theft. The lawsuits were filed in U.S. District Courts in Texas and California, alleging that Meraki's products infringe MPS patents and are knock-offs of MPS's proprietary products. MPS claims that Meraki's founders, previous engineers for MPS, stole trade secrets before relocating to China. The company seeks unspecified damages and injunctions against further infringement.
Monolithic Power Systems (MPWR) announced a $0.50 dividend per common share for Q3 2020. The dividend is payable on October 15, 2020, to stockholders of record by the close of business on September 30, 2020. This marks a significant return for investors as MPS continues to provide high-performance analog solutions across various industries.
Investors are advised to consider potential risks associated with forward-looking statements that may affect future performance.
Monolithic Power Systems reported a significant increase in its Q3 2020 revenue guidance, now projected to be between $257 million and $259 million, up from the previous guidance of $200 million to $210 million. This surge is attributed to fulfilling pent-up demand and accelerated shipment requests from China-based customers. However, the company cautions that these developments are non-recurring. Additionally, MPS plans to expand its fab capacity outside of China, with revised expense forecasts indicating increases in both GAAP and non-GAAP R&D and SG&A costs.
Monolithic Power Systems (MPWR) announced plans to report its financial results for the second quarter ending June 30, 2020, on July 28, 2020, following the market's closure. A conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET, accessible via a Zoom webinar. A replay of the event will be available for one year on the Investor Relations website. MPS specializes in providing energy-efficient power solutions for various applications, aiming to reduce total energy consumption.
Monolithic Power Systems (Nasdaq: MPWR) held its 2020 Annual Meeting of Stockholders on June 11, where stockholders re-elected two directors with 73% and 59% support. The appointment of the independent accounting firm was ratified with 100% approval. Additionally, 98% of votes supported executive compensation for 2019, and 70% approved the amendment of the 2014 Equity Incentive Plan. MPS announced a second quarter dividend of $0.50 per share for stockholders of record by June 30, to be paid on July 15, 2020.