Allianz Asset Management GmbH Lowers Holdings in Monolithic Power Systems, Inc. $MPWR

Allianz Asset Management GmbH decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,277 shares of the semiconductor company’s stock after selling 30,275 shares during the quarter. Allianz Asset Management GmbH owned about 0.17% of Monolithic Power Systems worth $73,906,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MPWR. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $438,014,000. JPMorgan Chase & Co. lifted its position in Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after buying an additional 227,159 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in Monolithic Power Systems during the third quarter worth about $197,260,000. Rafferty Asset Management LLC increased its position in shares of Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after acquiring an additional 140,269 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Monolithic Power Systems by 57.5% during the third quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock valued at $330,797,000 after acquiring an additional 131,177 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the completion of the transaction, the executive vice president owned 187,331 shares in the company, valued at approximately $173,556,551.57. This trade represents a 9.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total value of $89,697.00. Following the transaction, the director directly owned 426 shares of the company’s stock, valued at approximately $382,109.22. This represents a 19.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 66,776 shares of company stock worth $60,099,765 over the last quarter. 3.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

MPWR has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Citigroup raised their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $1,300.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Finally, Truist Financial boosted their price objective on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,135.42.

Monolithic Power Systems Stock Down 0.7%

NASDAQ:MPWR opened at $1,164.83 on Wednesday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,199.76. The company has a fifty day simple moving average of $989.53 and a two-hundred day simple moving average of $926.15. The company has a market cap of $55.81 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 3.29 and a beta of 1.45.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $1.56 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 annualized dividend and a yield of 0.5%. Monolithic Power Systems’s dividend payout ratio is 15.93%.

Monolithic Power Systems Company Profile

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.