APG Asset Management N.V. Acquires 24,175 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

APG Asset Management N.V. increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 554.5% during the 4th quarter, HoldingsChannel reports. The firm 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.’s holdings in Monolithic Power Systems were worth $16,305,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. IHT Wealth Management LLC acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at approximately $215,000. Morse Asset Management Inc acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at approximately $231,000. EP Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at approximately $454,000. XTX Topco Ltd acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at approximately $784,000. Finally, Nomura Asset Management Co. Ltd. raised its position 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 valued at $17,831,000 after buying an additional 601 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent research reports. Rosenblatt Securities dropped their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Citigroup initiated coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Loop Capital boosted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Wells Fargo & Company lowered their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Trading Up 23.4 %

Shares of NASDAQ MPWR opened at $561.84 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The stock has a 50 day moving average of $613.29 and a 200-day moving average of $674.60. The company has a market capitalization of $26.89 billion, a P/E ratio of 15.28, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.11%. Monolithic Power Systems’s payout ratio is 16.97%.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction on Friday, February 7th. The stock was 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 in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems 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.