Vaughan Nelson Investment Management L.P. Reduces Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vaughan Nelson Investment Management L.P. trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 446,215 shares of the semiconductor company’s stock after selling 19,692 shares during the quarter. Monolithic Power Systems comprises 3.7% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Monolithic Power Systems were worth $412,526,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in Monolithic Power Systems during the 2nd quarter valued at $25,000. NBC Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in Monolithic Power Systems in the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC raised its position in Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 0.6 %

MPWR stock opened at $573.38 on Friday. The business’s 50-day moving average price is $856.47 and its 200-day moving average price is $827.10. The stock has a market cap of $27.97 billion, a P/E ratio of 64.64, a PEG ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a twelve month low of $532.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the sale, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the sale, the chief financial officer now directly owns 59,178 shares in the company, valued at $53,754,928.08. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,359 shares of company stock worth $36,209,571. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. TD Cowen dropped their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $950.00 target price on shares of Monolithic Power Systems in a research report on Tuesday, November 12th. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $916.73.

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.