Allianz Asset Management GmbH Grows Stock Position in Monolithic Power Systems, Inc. $MPWR

Allianz Asset Management GmbH grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 81.4% during the fourth quarter, Holdings Channel reports. The firm owned 145,633 shares of the semiconductor company’s stock after acquiring an additional 65,356 shares during the period. Allianz Asset Management GmbH’s holdings in Monolithic Power Systems were worth $131,996,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Westerkirk Capital Inc. increased its holdings in shares of Monolithic Power Systems by 58.2% in the fourth quarter. Westerkirk Capital Inc. now owns 2,544 shares of the semiconductor company’s stock valued at $2,306,000 after purchasing an additional 936 shares during the period. BLI Banque de Luxembourg Investments acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $2,033,000. Fox Run Management L.L.C. acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $415,000. LPL Financial LLC grew its holdings in Monolithic Power Systems by 10.3% during the fourth quarter. LPL Financial LLC now owns 64,085 shares of the semiconductor company’s stock worth $58,084,000 after acquiring an additional 6,002 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in Monolithic Power Systems by 21.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,688 shares of the semiconductor company’s stock worth $5,155,000 after acquiring an additional 1,006 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on MPWR. KeyCorp raised their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Needham & Company LLC raised their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president owned 166,644 shares in the company, valued at $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 1,014 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares in the company, valued at approximately $7,595,669.16. This trade represents a 17.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 113,073 shares of company stock valued at $160,875,958. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Down 3.8%

Shares of MPWR opened at $1,473.04 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $670.00 and a 12 month high of $1,714.09. The stock’s 50 day moving average is $1,491.18 and its two-hundred day moving average is $1,200.42. The firm has a market cap of $72.37 billion, a P/E ratio of 106.20, a PEG ratio of 2.74 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company earned $4.04 earnings per share. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.