Wed Sep 25 08:24:49 UTC 2024: ## Federated Hermes Cuts Monolithic Power Systems Stake, Institutional Investors Active
**San Francisco, CA – September 25, 2024** – Federated Hermes Inc. significantly reduced its stake in semiconductor company Monolithic Power Systems (MPWR) during the second quarter, according to its recent Form 13F filing with the Securities & Exchange Commission. The firm sold 179 shares, decreasing its position by 46.5% and leaving them with 206 shares valued at $169,000.
Other institutional investors made notable changes to their holdings in MPWR as well. Vanguard Group Inc. increased its stake by 1.0% in the first quarter, now owning 5,519,940 shares valued at $3,739,318,000. Wellington Management Group LLP and Capital Research Global Investors also boosted their positions in the fourth quarter, while Vaughan Nelson Investment Management L.P. and Van ECK Associates Corp. raised their stakes in the first and second quarters, respectively.
Overall, institutional investors and hedge funds own 93.46% of MPWR stock.
In recent news, MPWR CEO Michael Hsing sold 2,672 shares on July 1st, while EVP Saria Tseng sold 37,093 shares on the same day. These transactions were disclosed in SEC filings.
MPWR stock opened at $911.00 on Wednesday, with a 50-day simple moving average of $862.93 and a 200-day simple moving average of $779.13. The company has a market capitalization of $44.35 billion.
On August 1st, MPWR reported earnings of $3.17 per share for the quarter, exceeding analysts’ estimates by $0.10. The company also declared a quarterly dividend of $1.25, payable on October 15th to shareholders of record on September 30th.
MPWR designs and sells semiconductor-based power electronics solutions for various markets, including storage and computing, automotive, and enterprise data.
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