Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206 shares of the semiconductor company’s stock after selling 179 shares during the quarter. Federated Hermes Inc.’s holdings in Monolithic Power Systems were worth $169,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after purchasing an additional 55,874 shares during the period. Wellington Management Group LLP boosted its position in shares of Monolithic Power Systems by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after purchasing an additional 85,676 shares during the period. Capital Research Global Investors lifted its stake in Monolithic Power Systems by 1.2% in the 4th quarter. Capital Research Global Investors now owns 616,180 shares of the semiconductor company’s stock worth $388,674,000 after acquiring an additional 7,323 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Monolithic Power Systems by 4.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 483,812 shares of the semiconductor company’s stock worth $327,743,000 after acquiring an additional 22,725 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Monolithic Power Systems by 10.4% in the 2nd quarter. Van ECK Associates Corp now owns 354,461 shares of the semiconductor company’s stock worth $291,254,000 after acquiring an additional 33,287 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,672 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $804.57, for a total value of $2,149,811.04. Following the sale, the chief executive officer now owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems news, EVP Saria Tseng sold 37,093 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the sale, the executive vice president now owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Hsing sold 2,672 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $804.57, for a total value of $2,149,811.04. Following the completion of the sale, the chief executive officer now directly owns 877,736 shares in the company, valued at approximately $706,200,053.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,299 shares of company stock valued at $83,140,933. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MPWR. Truist Financial increased their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Oppenheimer increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Needham & Company LLC increased their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Raymond James raised their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Rosenblatt Securities raised their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus target price of $912.30.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $911.00 on Wednesday. The stock’s 50 day simple moving average is $862.93 and its 200 day simple moving average is $779.13. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64. The company has a market capitalization of $44.35 billion, a price-to-earnings ratio of 108.58, a PEG ratio of 4.14 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same period last year, the business earned $2.05 EPS. The firm’s revenue was up 15.0% compared to the same quarter last year. On average, analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s payout ratio is 59.59%.

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.