State of New Jersey Common Pension Fund D Grows Position in Monolithic Power Systems, Inc. $MPWR

State of New Jersey Common Pension Fund D boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,676 shares of the semiconductor company’s stock after acquiring an additional 660 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Monolithic Power Systems were worth $15,353,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Monolithic Power Systems by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after purchasing an additional 19,277 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after purchasing an additional 227,159 shares in the last quarter. Bank of America Corp DE increased its holdings in Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after buying an additional 105,721 shares during the last quarter. Norges Bank acquired a new stake in Monolithic Power Systems in the second quarter valued at $438,014,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Monolithic Power Systems by 14.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock valued at $512,416,000 after buying an additional 71,199 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 235,932 shares of the company’s stock, valued at $276,314,121.12. This represents a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 21,725 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the sale, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at $96,448,539.48. The trade was a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 160,726 shares of company stock valued at $170,024,209. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Stock Up 1.3%

MPWR opened at $1,171.47 on Tuesday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,250.00. The business’s 50 day moving average is $1,030.56 and its two-hundred day moving average is $954.81. The firm has a market cap of $56.13 billion, a price-to-earnings ratio of 91.95, a price-to-earnings-growth ratio of 2.97 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The company’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.09 earnings per share. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.00 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 48.98%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MPWR shares. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, January 29th. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. KeyCorp increased their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Truist Financial raised their price objective on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $1,218.42.

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.