Stephens Inc. AR Acquires 255 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Stephens Inc. AR increased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,639 shares of the semiconductor company’s stock after buying an additional 255 shares during the quarter. Stephens Inc. AR’s holdings in Power Integrations were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of POWI. Norden Group LLC acquired a new position in Power Integrations in the 1st quarter worth about $264,000. BNP Paribas Financial Markets increased its holdings in Power Integrations by 3.4% in the 1st quarter. BNP Paribas Financial Markets now owns 56,136 shares of the semiconductor company’s stock worth $4,017,000 after purchasing an additional 1,854 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Power Integrations by 29.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,039 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 914 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in Power Integrations by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 49,762 shares of the semiconductor company’s stock worth $3,560,000 after purchasing an additional 645 shares in the last quarter. Finally, Duality Advisers LP acquired a new position in Power Integrations in the 1st quarter worth about $1,261,000.

Wall Street Analysts Forecast Growth

POWI has been the subject of a number of recent research reports. Susquehanna lowered their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Wednesday, September 11th. StockNews.com raised Power Integrations from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Northland Capmk raised Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, TD Cowen decreased their price target on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Power Integrations presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Buying and Selling

In related news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the sale, the vice president now owns 51,899 shares of the company’s stock, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 2,398 shares of company stock valued at $157,847 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Power Integrations Price Performance

NASDAQ POWI opened at $65.38 on Friday. The business has a 50 day simple moving average of $62.30 and a 200 day simple moving average of $68.00. Power Integrations, Inc. has a one year low of $56.63 and a one year high of $89.68. The stock has a market capitalization of $3.72 billion, a P/E ratio of 87.17, a P/E/G ratio of 5.10 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last released its earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business had revenue of $106.20 million during the quarter, compared to analysts’ expectations of $105.02 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was down 13.8% on a year-over-year basis. Equities analysts expect that Power Integrations, Inc. will post 0.59 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.22%. Power Integrations’s dividend payout ratio is currently 106.67%.

Power Integrations Company 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.