52,400 Power Integrations, Inc. $POWI Shares Sold by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG reduced its Power Integrations stake by 52,400 shares, or 3.9%, ending the quarter with 1.29 million shares valued at approximately $66.7 million.
• Analyst sentiment remains positive but cautious: Power Integrations has a consensus “Moderate Buy” rating and a $68.83 price target, although several firms recently lowered their targets.
• Power Integrations exceeded quarterly expectations, reporting $0.37 in EPS versus a $0.32 estimate and $118.94 million in revenue, up 2.6% year over year.

Robeco Schweiz AG reduced its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,288,004 shares of the semiconductor company's stock after selling 52,400 shares during the quarter. Power Integrations makes up about 1.2% of Robeco Schweiz AG's holdings, making the stock its 24th largest position. Robeco Schweiz AG owned about 2.31% of Power Integrations worth $66,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Investment Advisory LLC bought a new position in Power Integrations in the 2nd quarter valued at $33,000. Allworth Financial LP bought a new stake in shares of Power Integrations during the 2nd quarter worth $42,000. Global Retirement Partners LLC bought a new stake in shares of Power Integrations during the 2nd quarter worth $44,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Power Integrations in the 2nd quarter worth about $48,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Power Integrations by 125.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company's stock worth $42,000 after buying an additional 453 shares during the last quarter.

Analysts Set New Price Targets

POWI has been the subject of several research reports. Stifel Nicolaus reduced their price target on shares of Power Integrations from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Needham & Company LLC lowered their price objective on shares of Power Integrations from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Zacks Research cut shares of Power Integrations from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Weiss Ratings raised shares of Power Integrations from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 19th. Finally, Williams Trading set a $80.00 target price on shares of Power Integrations in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Power Integrations currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.83.

Power Integrations Price Performance

Shares of POWI opened at $46.98 on Friday. The firm has a market cap of $2.62 billion, a P/E ratio of 104.40 and a beta of 1.54. The stock has a 50 day simple moving average of $50.84 and a two-hundred day simple moving average of $63.82. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $91.18.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $118.94 million for the quarter, compared to the consensus estimate of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.77 earnings per share for the current year.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company's product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.

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