State of New Jersey Common Pension Fund D Sells 302 Shares of Monolithic Power Systems, Inc. $MPWR

State of New Jersey Common Pension Fund D trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.9% in the second quarter, HoldingsChannel reports. The fund owned 16,016 shares of the semiconductor company’s stock after selling 302 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Monolithic Power Systems were worth $11,714,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MPWR. WPG Advisers LLC bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth approximately $27,000. SouthState Corp bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $36,000. Meeder Asset Management Inc. lifted its holdings in shares of Monolithic Power Systems by 146.4% in the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 41 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Monolithic Power Systems by 306.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 49 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,074.91 on Friday. The firm’s 50-day moving average price is $907.57 and its 200-day moving average price is $764.39. The company has a market capitalization of $51.48 billion, a PE ratio of 27.99, a P/E/G ratio of 4.00 and a beta of 1.27. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,091.91.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm had revenue of $664.57 million for the quarter, compared to the consensus estimate of $648.74 million. During the same period in the prior year, the firm earned $3.17 EPS. The company’s revenue was up 31.0% compared to the same quarter last year. Monolithic Power Systems has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.56 per share. The ex-dividend date was Tuesday, September 30th. This represents a $6.24 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 16.25%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 14,510 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $914.45, for a total transaction of $13,268,669.50. Following the transaction, the executive vice president owned 144,494 shares in the company, valued at approximately $132,132,538.30. This represents a 9.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carintia Martinez sold 1,400 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $900.00, for a total transaction of $1,260,000.00. Following the transaction, the director owned 878 shares in the company, valued at $790,200. This represents a 61.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,842 shares of company stock worth $72,387,683. 3.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Monolithic Power Systems from $1,050.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday. Loop Capital upped their price target on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. William Blair upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a report on Wednesday, August 13th. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $963.18.

About Monolithic Power Systems

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.