US Bancorp DE boosted its position in shares of Power Integrations, Inc. (NASDAQ:POWI – Free Report) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,399 shares of the semiconductor company’s stock after buying an additional 161 shares during the period. US Bancorp DE’s holdings in Power Integrations were worth $1,182,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POWI. GAMMA Investing LLC bought a new position in Power Integrations during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its stake in Power Integrations by 369.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Power Integrations during the third quarter valued at approximately $65,000. Headlands Technologies LLC boosted its stake in Power Integrations by 374.6% during the third quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 854 shares during the last quarter. Finally, Heritage Wealth Management LLC bought a new stake in shares of Power Integrations in the 4th quarter valued at approximately $204,000.
Insider Transactions at Power Integrations
In other Power Integrations news, CEO Balu Balakrishnan sold 9,799 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the transaction, the chief executive officer now directly owns 552,161 shares in the company, valued at approximately $37,883,766.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Power Integrations news, CEO Balu Balakrishnan sold 9,799 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the transaction, the chief executive officer now directly owns 552,161 shares in the company, valued at approximately $37,883,766.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Clifford Walker sold 1,096 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $69.04, for a total value of $75,667.84. Following the transaction, the vice president now owns 140,834 shares in the company, valued at $9,723,179.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,682 shares of company stock worth $3,339,465. 1.50% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research firms have recently issued reports on POWI. TD Cowen raised their price objective on Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Benchmark raised their price objective on Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price objective for the company in a research note on Monday, February 26th. Finally, StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Power Integrations presently has an average rating of “Moderate Buy” and a consensus price target of $87.40.
View Our Latest Research Report on POWI
Power Integrations Stock Performance
Shares of NASDAQ POWI opened at $76.01 on Monday. The business’s 50 day moving average price is $71.27 and its 200-day moving average price is $74.89. Power Integrations, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $99.60. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 82.62, a PEG ratio of 4.18 and a beta of 1.18.
Power Integrations (NASDAQ:POWI – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.08 earnings per share for the quarter. Power Integrations had a return on equity of 6.13% and a net margin of 12.28%. The firm had revenue of $91.69 million for the quarter, compared to the consensus estimate of $89.98 million. Sell-side analysts predict that Power Integrations, Inc. will post 0.74 earnings per share for the current year.
Power Integrations Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $0.20 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. Power Integrations’s payout ratio is 86.96%.
Power Integrations Profile
Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.
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