Federated Hermes Inc. Sells 9,002 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Federated Hermes Inc. reduced its holdings in Monolithic Power Systems (MPWR) by 39.1% in Q1, now holding 13,993 shares valued at approximately $8.12 million.
• Wall Street analysts maintain a positive outlook on MPWR, with target prices ranging from $785.00 to $950.00 and the average rating classified as "Moderate Buy."
• Monolithic Power Systems reported a 31.0% year-over-year revenue increase for the last quarter, achieving $664.57 million and earnings per share of $4.21, surpassing estimates.

Federated Hermes Inc. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 39.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,993 shares of the semiconductor company's stock after selling 9,002 shares during the period. Federated Hermes Inc.'s holdings in Monolithic Power Systems were worth $8,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. raised its stake in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after buying an additional 51 shares during the period. Meeder Asset Management Inc. raised its stake in Monolithic Power Systems by 146.4% in the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after buying an additional 41 shares during the period. Global Financial Private Client LLC raised its stake in Monolithic Power Systems by 265.0% in the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after buying an additional 53 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $47,000. Institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a research note on Friday. Loop Capital increased their target price on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Stifel Nicolaus increased their target price on Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a research note on Friday. KeyCorp increased their target price on Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Citigroup increased their target price on Monolithic Power Systems from $785.00 to $825.00 and gave the stock a "buy" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $838.09.

Monolithic Power Systems Stock Down 3.4%

Shares of MPWR stock traded down $27.85 during trading hours on Tuesday, reaching $802.78. The company's stock had a trading volume of 988,734 shares, compared to its average volume of 825,799. The firm's 50 day simple moving average is $718.72 and its 200-day simple moving average is $652.39. The company has a market capitalization of $38.44 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 3.12 and a beta of 1.18. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The firm had revenue of $664.57 million for the quarter, compared to the consensus estimate of $648.74 million. During the same quarter last year, the business posted $3.17 EPS. The company's revenue was up 31.0% compared to the same quarter last year. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.25%.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director directly owned 676 shares in the company, valued at $471,848. This trade represents a 12.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the sale, the chief financial officer owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,199 shares of company stock valued at $46,496,020. Insiders own 3.40% of the company's stock.

Monolithic Power Systems 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.