Monolithic Power Systems

Capital deployment prioritizes organic R&D that widens the process and packaging lead, with selective, small technology acquisitions.

In February 2025, MPS raised the quarterly dividend to 1.56 per share and authorized a 500 million repurchase program through 2028. Repurchases should at least offset stock‑based compensation and opportunistically reduce share count. SBC expense is meaningful for a company of this size, so monitoring net dilution versus buybacks is warranted.

Overall, capital allocation is disciplined and shareholder‑aware.