Monolithic Power Systems, Inc. (MPWR) Stake Raised by Allianz Asset Management GmbH
Allianz Asset Management GmbH lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,289 shares of the semiconductor company’s stock after purchasing an additional 15,573 shares during the period. Allianz Asset Management GmbH’s holdings in Monolithic Power Systems were worth $17,234,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in MPWR. First Hawaiian Bank purchased a new stake in shares of Monolithic Power Systems during the 3rd quarter worth $127,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $141,000. Engineers Gate Manager LP purchased a new stake in Monolithic Power Systems in the second quarter valued at $201,000. Eagle Boston Investment Management Inc. purchased a new stake in Monolithic Power Systems in the second quarter valued at $216,000. Finally, Signition LP purchased a new stake in Monolithic Power Systems in the second quarter valued at $222,000. 94.73% of the stock is owned by institutional investors and hedge funds.
In other news, insider Deming Xiao sold 4,819 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $121.73, for a total value of $586,616.87. Following the completion of the sale, the insider now directly owns 318,312 shares of the company’s stock, valued at $38,748,119.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Maurice Sciammas sold 5,808 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $121.73, for a total transaction of $707,007.84. Following the completion of the sale, the vice president now directly owns 307,551 shares of the company’s stock, valued at $37,438,183.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,264 shares of company stock valued at $16,009,687. 4.00% of the stock is owned by corporate insiders.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. Monolithic Power Systems had a net margin of 16.07% and a return on equity of 18.51%. The firm had revenue of $159.98 million during the quarter, compared to analysts’ expectations of $158.59 million. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 2.46 EPS for the current year.
MPWR has been the subject of a number of research reports. KeyCorp boosted their price target on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, August 29th. BidaskClub raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Cowen reduced their price target on shares of Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Raymond James cut shares of Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 price target for the company. in a research report on Tuesday, September 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $155.00 price target on shares of Monolithic Power Systems in a research report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $151.00.
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Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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