Vaughan Nelson Investment Management L.P. Sells 59,529 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vaughan Nelson Investment Management L.P. lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,686 shares of the semiconductor company’s stock after selling 59,529 shares during the quarter. Monolithic Power Systems accounts for 2.1% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 6th biggest position. Vaughan Nelson Investment Management L.P. owned 0.79% of Monolithic Power Systems worth $228,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MPWR. NBC Securities Inc. lifted its position in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the period. Ashton Thomas Securities LLC purchased a new position in Monolithic Power Systems in the 3rd quarter valued at about $36,000. Rakuten Securities Inc. grew its stake in shares of Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 41 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 9.0 %

Shares of NASDAQ MPWR opened at $720.25 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The company has a market cap of $35.13 billion, a PE ratio of 19.59, a P/E/G ratio of 2.53 and a beta of 1.03. The stock has a 50 day simple moving average of $618.61 and a 200-day simple moving average of $754.90.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is 13.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. KeyCorp upped their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday. Oppenheimer reduced their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company upped their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $866.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.

About Monolithic Power Systems

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.