Federated Hermes Inc. Has $13.61 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Federated Hermes Inc. boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 166.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,995 shares of the semiconductor company's stock after acquiring an additional 14,374 shares during the quarter. Federated Hermes Inc.'s holdings in Monolithic Power Systems were worth $13,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Monolithic Power Systems in the fourth quarter worth approximately $493,807,000. Van ECK Associates Corp increased its stake in Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after purchasing an additional 328,203 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Monolithic Power Systems during the 4th quarter worth about $140,795,000. Geode Capital Management LLC lifted its stake in Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock valued at $1,230,626,000 after buying an additional 133,838 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of Monolithic Power Systems by 39.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company's stock worth $212,288,000 after acquiring an additional 101,156 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded up $9.86 during midday trading on Tuesday, hitting $548.66. The company had a trading volume of 203,963 shares, compared to its average volume of 996,470. The stock has a market cap of $26.26 billion, a PE ratio of 14.92, a P/E/G ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The business's 50 day simple moving average is $605.64 and its two-hundred day simple moving average is $664.36.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio is presently 16.97%.

Analysts Set New Price Targets

MPWR has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities lowered their price target on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company reduced 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. Loop Capital lifted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Citigroup reduced their price target on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $844.50.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

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.