Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,028 shares of the semiconductor company’s stock after selling 130,658 shares during the period. Monolithic Power Systems makes up about 1.5% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 17th largest position. Vaughan Nelson Investment Management L.P. owned approximately 0.53% of Monolithic Power Systems worth $148,491,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock worth $3,446,223,000 after purchasing an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock worth $904,297,000 after purchasing an additional 214,395 shares in the last quarter. Geode Capital Management LLC increased its stake in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock worth $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. increased its stake in Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company’s stock worth $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in Monolithic Power Systems by 0.5% in the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company’s stock worth $583,420,000 after purchasing an additional 5,274 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $673.01 on Friday. The firm has a market cap of $32.22 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.60 and a beta of 1.19. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The stock has a 50-day simple moving average of $629.90 and a 200-day simple moving average of $619.85.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.81 EPS. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.93%. Monolithic Power Systems’s dividend payout ratio is 16.56%.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 776 shares in the company, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock worth $8,546,800 in the last three months. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MPWR. Raymond James reissued an “outperform” rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen raised their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities restated a “neutral” rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $786.92.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.