APG Asset Management N.V. Increases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

APG Asset Management N.V. raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 554.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,535 shares of the semiconductor company's stock after purchasing an additional 24,175 shares during the period. APG Asset Management N.V. owned 0.06% of Monolithic Power Systems worth $16,305,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. IHT Wealth Management LLC bought a new position in Monolithic Power Systems during the 3rd quarter valued at approximately $215,000. Morse Asset Management Inc bought a new position in shares of Monolithic Power Systems during the third quarter valued at $231,000. EP Wealth Advisors LLC bought a new position in shares of Monolithic Power Systems during the third quarter valued at $454,000. XTX Topco Ltd purchased a new position in shares of Monolithic Power Systems in the 3rd quarter worth about $784,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Monolithic Power Systems by 3.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 19,287 shares of the semiconductor company's stock worth $17,831,000 after purchasing an additional 601 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 2.2 %

NASDAQ:MPWR traded up $12.12 on Tuesday, hitting $550.92. The stock had a trading volume of 223,666 shares, compared to its average volume of 761,706. The business's 50-day simple moving average is $605.64 and its two-hundred day simple moving average is $664.36. The stock has a market cap of $26.37 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

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Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 1.13%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's dividend payout ratio is 16.97%.

Analysts Set New Price Targets

Several brokerages have issued reports on MPWR. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Citigroup decreased their price objective on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a report on Friday. KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Rosenblatt Securities reduced their target price on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, Needham & Company LLC upped their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $844.50.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

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.