Vaughan Nelson Investment Management L.P. Has $233.52 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 257,644 shares of the semiconductor company’s stock after selling 14,885 shares during the period. Monolithic Power Systems accounts for 2.3% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 6th biggest holding. Vaughan Nelson Investment Management L.P. owned about 0.54% of Monolithic Power Systems worth $233,518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MPWR. Vanguard Group Inc. grew its position in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares during the last quarter. State Street Corp lifted its stake in shares of Monolithic Power Systems by 0.7% in the third quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after acquiring an additional 14,670 shares during the period. JPMorgan Chase & Co. boosted its holdings in Monolithic Power Systems by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after acquiring an additional 6,503 shares during the last quarter. Bank of America Corp DE boosted its holdings in Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after acquiring an additional 105,721 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Monolithic Power Systems by 14.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock valued at $512,416,000 after purchasing an additional 71,199 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 4.8%

NASDAQ:MPWR opened at $1,002.34 on Tuesday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22. The company has a fifty day moving average of $1,119.41 and a 200-day moving average of $1,012.05. The firm has a market capitalization of $49.23 billion, a P/E ratio of 78.68, a P/E/G ratio of 2.67 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same period last year, the company posted $4.09 earnings per share. The business’s quarterly revenue was up 20.8% on a year-over-year basis. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $1,095.07, for a total transaction of $32,852.10. Following the transaction, the executive vice president directly owned 1,269 shares of the company’s stock, valued at approximately $1,389,643.83. This represents a 2.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 22,875 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 200,626 shares of the company’s stock, valued at $234,965,146.16. This trade represents a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,580 shares of company stock worth $113,337,222 over the last three months. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Rosenblatt Securities increased their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.