Allianz Asset Management GmbH Has $48.12 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Allianz Asset Management GmbH decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 49.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,963 shares of the semiconductor company's stock after selling 80,102 shares during the quarter. Allianz Asset Management GmbH owned 0.17% of Monolithic Power Systems worth $48,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MPWR. Fourth Dimension Wealth LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. lifted its position in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares in the last quarter. Global Financial Private Client LLC boosted its stake in Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 53 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Monolithic Power Systems during the 4th quarter worth about $47,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 1st quarter valued at about $54,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MPWR shares. Citigroup boosted their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Needham & Company LLC restated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. TD Cowen lifted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Rosenblatt Securities restated a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $805.67.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the chief financial officer owned 46,939 shares in the company, valued at approximately $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,200 shares of company stock worth $13,046,800 over the last three months. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Down 0.1%

Shares of NASDAQ:MPWR traded down $0.71 during trading on Friday, reaching $712.29. 132,818 shares of the stock were exchanged, compared to its average volume of 816,863. The stock has a 50-day moving average price of $709.87 and a 200-day moving average price of $644.94. The firm has a market cap of $34.10 billion, a PE ratio of 18.87, a PEG ratio of 2.86 and a beta of 1.20. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 EPS. On average, sell-side 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 company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

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.