28,758 Shares in Power Integrations, Inc. (NASDAQ:POWI) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,758 shares of the semiconductor company's stock, valued at approximately $1,452,000. Teacher Retirement System of Texas owned approximately 0.05% of Power Integrations at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Power Integrations by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company's stock worth $40,412,000 after acquiring an additional 33,741 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Power Integrations by 36.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,185 shares of the semiconductor company's stock worth $1,060,000 after acquiring an additional 4,596 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Power Integrations in the fourth quarter valued at $2,120,000. Raymond James Financial Inc. bought a new position in shares of Power Integrations in the fourth quarter valued at $7,470,000. Finally, AlphaQuest LLC lifted its stake in shares of Power Integrations by 155.6% in the fourth quarter. AlphaQuest LLC now owns 3,486 shares of the semiconductor company's stock valued at $215,000 after buying an additional 2,122 shares in the last quarter.

Power Integrations Stock Performance

Shares of Power Integrations stock opened at $58.04 on Friday. Power Integrations, Inc. has a 52-week low of $40.78 and a 52-week high of $79.13. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 89.29, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The company has a fifty day moving average of $54.50 and a 200-day moving average of $55.78.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The company had revenue of $105.53 million during the quarter, compared to analysts' expectations of $105.44 million. During the same quarter in the prior year, the company earned $0.18 EPS. The firm's revenue was up 15.1% on a year-over-year basis. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a $0.21 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.45%. Power Integrations's dividend payout ratio (DPR) is 129.23%.

Analysts Set New Price Targets

POWI has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Power Integrations currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.67.

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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