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

Vaughan Nelson Investment Management L.P. lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 256,028 shares of the semiconductor company's stock after selling 130,658 shares during the quarter. Monolithic Power Systems makes up about 1.5% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 17th largest holding. Vaughan Nelson Investment Management L.P. owned approximately 0.53% of Monolithic Power Systems worth $148,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC lifted its stake in shares of Monolithic Power Systems by 27.6% in the 4th quarter. Empowered Funds LLC now owns 5,164 shares of the semiconductor company's stock valued at $3,056,000 after purchasing an additional 1,117 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Monolithic Power Systems by 28.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 872 shares of the semiconductor company's stock valued at $516,000 after purchasing an additional 191 shares during the period. Gladstone Institutional Advisory LLC lifted its stake in shares of Monolithic Power Systems by 47.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 397 shares of the semiconductor company's stock valued at $235,000 after purchasing an additional 128 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Monolithic Power Systems by 5.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,512 shares of the semiconductor company's stock valued at $12,568,000 after purchasing an additional 1,034 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now directly owns 4,015 shares in the company, 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 is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the transaction, the director now owns 776 shares in the company, valued at $504,400. This trade represents a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock valued at $8,546,800 over the last 90 days. Company insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent research reports. Raymond James reiterated an "outperform" rating and set a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. KeyCorp lowered their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. TD Cowen lifted their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus reduced their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $786.92.

Monolithic Power Systems Price Performance

Shares of MPWR traded down $45.56 during trading hours on Friday, hitting $673.01. The stock had a trading volume of 1,027,854 shares, compared to its average volume of 800,872. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The firm has a market capitalization of $32.22 billion, a PE ratio of 18.30, a PEG ratio of 2.60 and a beta of 1.19. The stock has a fifty day moving average price of $629.90 and a 200 day moving average price of $619.85.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the previous year, the company posted $2.81 earnings per share. Monolithic Power Systems's revenue was up 39.2% compared to the same quarter last year. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

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.