Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Cut by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 446,215 shares of the semiconductor company's stock after selling 19,692 shares during the period. Monolithic Power Systems comprises approximately 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 0.92% of Monolithic Power Systems worth $412,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Paragon Advisors LLC raised its stake in 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 buying an additional 94 shares during the period. Mizuho Securities USA LLC raised its stake in Monolithic Power Systems by 1,118.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company's stock valued at $42,280,000 after acquiring an additional 41,979 shares during the period. Empowered Funds LLC lifted its holdings in Monolithic Power Systems by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock valued at $3,741,000 after purchasing an additional 909 shares during the last quarter. Empirical Finance LLC boosted its position in Monolithic Power Systems by 4.4% during the third quarter. Empirical Finance LLC now owns 1,229 shares of the semiconductor company's stock worth $1,136,000 after purchasing an additional 52 shares during the period. Finally, CIBC Asset Management Inc increased its holdings 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 purchasing an additional 555 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MPWR. Needham & Company LLC reaffirmed a "buy" rating and set a $950.00 target price on shares of Monolithic Power Systems in a report on Tuesday, November 12th. Loop Capital initiated coverage on Monolithic Power Systems in a report on Monday, November 11th. They set a "hold" rating and a $660.00 price target for the company. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Finally, KeyCorp lifted their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $916.73.

Insiders Place Their Bets

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 completion of the sale, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. The trade was a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 9,259 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the transaction, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. The trade was a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,359 shares of company stock worth $36,209,571. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

MPWR stock traded down $3.41 during trading on Friday, reaching $573.38. 1,622,831 shares of the company were exchanged, compared to its average volume of 1,185,315. Monolithic Power Systems, Inc. has a twelve month low of $532.86 and a twelve month high of $959.64. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 64.64, a P/E/G ratio of 2.73 and a beta of 1.15. The company has a 50-day moving average of $856.47 and a two-hundred day moving average of $827.10.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) 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 business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. On average, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. 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%.

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.