9,177 Shares in Power Integrations, Inc. (NASDAQ:POWI) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 9,177 shares of Power Integrations, Inc. (NASDAQ:POWI), worth approximately $463,000, during the first quarter.
• Power Integrations reported $0.31 earnings per share in its latest earnings results, exceeding analyst estimates of $0.28, alongside a revenue increase of 15.1% year-over-year.
• The company announced a quarterly dividend of $0.21 per share, resulting in a yield of 1.8%, despite a payout ratio of 129.23%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,177 shares of the semiconductor company's stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors have also bought and sold shares of POWI. Allworth Financial LP grew its holdings in shares of Power Integrations by 257.8% during the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock valued at $30,000 after buying an additional 428 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 385 shares during the period. Global X Japan Co. Ltd. purchased a new stake in Power Integrations during the 1st quarter valued at about $42,000. Larson Financial Group LLC acquired a new position in shares of Power Integrations in the first quarter valued at about $45,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Power Integrations in the fourth quarter valued at about $51,000.

Power Integrations Stock Down 1.8%

Shares of NASDAQ POWI opened at $47.63 on Monday. The business's 50 day moving average is $54.42 and its two-hundred day moving average is $54.77. Power Integrations, Inc. has a 52-week low of $40.78 and a 52-week high of $69.53. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 73.28, a PEG ratio of 1.95 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. The business had revenue of $105.53 million during the quarter, compared to the consensus estimate of $105.44 million. During the same period in the previous year, the business earned $0.18 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis. Analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 1.8%. Power Integrations's payout ratio is presently 129.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on POWI shares. Benchmark reiterated a "buy" rating and issued a $70.00 target price on shares of Power Integrations in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Stifel Nicolaus raised their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Two investment 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $73.33.

About Power Integrations

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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