Allianz Asset Management GmbH Cuts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Allianz Asset Management GmbH decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,208 shares of the semiconductor company’s stock after selling 1,391 shares during the period. Allianz Asset Management GmbH’s holdings in Monolithic Power Systems were worth $5,808,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arlington Trust Co LLC lifted its holdings in Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 23 shares during the period. Operose Advisors LLC bought a new stake in shares of Monolithic Power Systems during the 3rd quarter worth $43,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth $43,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after buying an additional 15 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in Monolithic Power Systems by 137.0% during the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. TD Cowen upped their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Wells Fargo & Company raised their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, KeyCorp increased their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $743.78.

Get Our Latest Stock Analysis on MPWR

Monolithic Power Systems Price Performance

MPWR opened at $726.56 on Wednesday. The firm has a market capitalization of $35.37 billion, a P/E ratio of 86.60, a price-to-earnings-growth ratio of 3.78 and a beta of 1.13. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $778.15. The company has a fifty day moving average price of $691.52 and a 200-day moving average price of $658.62.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.03 earnings per share for the current year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $677.44, for a total value of $5,419,520.00. Following the completion of the transaction, the chief executive officer now owns 899,232 shares of the company’s stock, valued at approximately $609,175,726.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the completion of the sale, the chief executive officer now owns 899,232 shares of the company’s stock, valued at $609,175,726.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. Insiders have sold 35,630 shares of company stock valued at $24,226,598 over the last three months. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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