Vaughan Nelson Investment Management L.P. Has $412.53 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vaughan Nelson Investment Management L.P. lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. 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 investment portfolio, making the stock its largest holding. Vaughan Nelson Investment Management L.P. owned approximately 0.92% of Monolithic Power Systems worth $412,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Paragon Advisors LLC grew its position in shares of Monolithic Power Systems by 4.6% in the third quarter. Paragon Advisors LLC now owns 2,131 shares of the semiconductor company’s stock valued at $1,970,000 after purchasing an additional 94 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in Monolithic Power Systems by 1,118.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company’s stock valued at $42,280,000 after buying an additional 41,979 shares in the last quarter. Empowered Funds LLC increased its position in shares of Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after buying an additional 909 shares during the period. Empirical Finance LLC lifted its holdings in shares of Monolithic Power Systems by 4.4% in the third quarter. Empirical Finance LLC now owns 1,229 shares of the semiconductor company’s stock worth $1,136,000 after buying an additional 52 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Monolithic Power Systems by 8.5% in the third quarter. CIBC Asset Management Inc now owns 7,075 shares of the semiconductor company’s stock valued at $6,541,000 after acquiring an additional 555 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The trade was a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. The trade was a 25.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,359 shares of company stock valued at $36,209,571. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 0.6 %

NASDAQ MPWR opened at $573.38 on Friday. The firm has a market cap of $27.97 billion, a PE ratio of 64.64, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1-year low of $532.86 and a 1-year high of $959.64. The stock has a 50-day moving average of $856.47 and a 200-day moving average of $827.10.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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 company had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of analyst reports. KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $950.00 target price on shares of Monolithic Power Systems in a research report on Tuesday, November 12th. Stifel Nicolaus raised 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, TD Cowen decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $916.73.

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.