Vaughan Nelson Investment Management L.P. Sells 118,292 Shares of Monolithic Power Systems, Inc. $MPWR

Vaughan Nelson Investment Management L.P. trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 45.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,352 shares of the semiconductor company’s stock after selling 118,292 shares during the quarter. Monolithic Power Systems makes up 1.5% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 9th largest position. Vaughan Nelson Investment Management L.P.’s holdings in Monolithic Power Systems were worth $152,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPWR. First Trust Advisors LP raised its stake in Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after acquiring an additional 178,622 shares during the period. AIA Group Ltd bought a new position in Monolithic Power Systems during the third quarter worth $1,459,000. Merit Financial Group LLC increased its holdings in shares of Monolithic Power Systems by 183.9% in the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after purchasing an additional 1,786 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at $3,983,000. Finally, Mirabaud Asset Management Ltd acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at $4,424,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. This represents a 4.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eileen Wynne sold 335 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the sale, the director directly owned 1,007 shares in the company, valued at approximately $1,593,758.76. This represents a 24.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 113,043 shares of company stock valued at $160,843,106 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,563.70 on Monday. Monolithic Power Systems, Inc. has a 52 week low of $671.18 and a 52 week high of $1,714.09. The company has a market capitalization of $76.82 billion, a PE ratio of 112.74, a price-to-earnings-growth ratio of 2.80 and a beta of 1.69. The company’s 50-day simple moving average is $1,546.37 and its 200 day simple moving average is $1,232.21.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.04 EPS. On average, analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research reports. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Rosenblatt Securities raised their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.