Vaughan Nelson Investment Management L.P. Sells 130,658 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vaughan Nelson Investment Management L.P. reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 256,028 shares of the semiconductor company’s stock after selling 130,658 shares during the period. Monolithic Power Systems accounts for approximately 1.5% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 17th largest position. Vaughan Nelson Investment Management L.P.’s holdings in Monolithic Power Systems were worth $148,491,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its position in Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after buying an additional 14 shares during the period. WP Advisors LLC increased its position in Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after buying an additional 16 shares during the period. Allworth Financial LP increased its position in Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after buying an additional 16 shares during the period. Keybank National Association OH increased its position in Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock worth $1,079,000 after buying an additional 22 shares during the period. Finally, Truvestments Capital LLC increased its position in Monolithic Power Systems by 5.0% in the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock worth $273,000 after buying an additional 22 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $673.01 on Friday. The stock’s fifty day simple moving average is $629.90 and its 200 day simple moving average is $619.85. 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 one year low of $438.86 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for 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%. Monolithic Power Systems’s quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.81 EPS. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on MPWR. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. KeyCorp lowered their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Raymond James restated an “outperform” rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Oppenheimer restated an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $786.92.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction 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 owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was 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 approximately $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 in the last 90 days. 3.40% of the stock is owned by corporate insiders.

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.