Apollon Wealth Management LLC Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Apollon Wealth Management LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,100 shares of the semiconductor company’s stock after buying an additional 49 shares during the quarter. Apollon Wealth Management LLC’s holdings in Monolithic Power Systems were worth $1,017,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in Monolithic Power Systems by 6.6% in the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after buying an additional 1,082 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after purchasing an additional 4,760 shares during the period. Czech National Bank grew its holdings in shares of Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after purchasing an additional 824 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Monolithic Power Systems by 224.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after purchasing an additional 1,057 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Monolithic Power Systems by 22.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,273 shares of the semiconductor company’s stock worth $2,690,000 after purchasing an additional 592 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

MPWR stock opened at $573.38 on Friday. The firm has a market capitalization of $27.97 billion, a P/E ratio of 64.64, a P/E/G ratio of 2.86 and a beta of 1.15. The business’s 50-day moving average is $856.47 and its two-hundred day moving average is $826.00. Monolithic Power Systems, Inc. has a 1 year low of $532.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. This trade represents a 3.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,359 shares of company stock valued at $36,209,571 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of research analyst reports. KeyCorp increased their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. 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. Raymond James increased their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. TD Cowen lowered their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $916.73.

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.