Apollon Wealth Management LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 889 shares of the semiconductor company’s stock after purchasing an additional 80 shares during the period. Apollon Wealth Management LLC’s holdings in Monolithic Power Systems were worth $650,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wedmont Private Capital lifted its stake in shares of Monolithic Power Systems by 1.3% in the 2nd quarter. Wedmont Private Capital now owns 1,068 shares of the semiconductor company’s stock valued at $802,000 after purchasing an additional 14 shares during the period. Confluence Wealth Services Inc. lifted its stake in shares of Monolithic Power Systems by 0.9% in the 2nd quarter. Confluence Wealth Services Inc. now owns 2,067 shares of the semiconductor company’s stock valued at $1,511,000 after purchasing an additional 19 shares during the period. Beverly Hills Private Wealth LLC raised its stake in Monolithic Power Systems by 3.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company’s stock worth $370,000 after buying an additional 20 shares during the period. Cromwell Holdings LLC raised its stake in Monolithic Power Systems by 18.7% during the 1st quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company’s stock worth $74,000 after buying an additional 20 shares during the period. Finally, Burney Co. raised its stake in Monolithic Power Systems by 2.2% during the 1st quarter. Burney Co. now owns 946 shares of the semiconductor company’s stock worth $549,000 after buying an additional 20 shares during the period. Institutional investors own 93.46% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on MPWR. Needham & Company LLC upped their price target on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the stock an “outperform” rating in a research note on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Finally, KeyCorp upped their price target on Monolithic Power Systems from $950.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $909.55.
Monolithic Power Systems Price Performance
Shares of MPWR stock opened at $1,007.93 on Thursday. The firm has a 50-day moving average of $878.34 and a 200-day moving average of $737.66. The company has a market cap of $48.27 billion, a P/E ratio of 26.25, a P/E/G ratio of 3.61 and a beta of 1.27. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,016.96.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.12 by $0.09. The company had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.17 earnings per share. Monolithic Power Systems has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.56 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 16.25%.
Insider Buying and Selling
In other news, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $913.22, for a total value of $2,739,660.00. Following the completion of the transaction, the chief financial officer directly owned 37,940 shares of the company’s stock, valued at $34,647,566.80. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Saria Tseng sold 14,510 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $914.45, for a total value of $13,268,669.50. Following the completion of the transaction, the executive vice president directly owned 144,494 shares of the company’s stock, valued at approximately $132,132,538.30. This represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,702 shares of company stock valued at $53,834,480 over the last quarter. Corporate insiders own 3.40% of the company’s stock.
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.
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