ASR Vermogensbeheer N.V. Purchases 33,113 Shares of Power Integrations, Inc. $POWI

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Power Integrations by 10.8% in the fourth quarter, buying 33,113 additional shares and bringing its total holding to 340,666 shares worth about $12.1 million.
• Power Integrations reported solid first-quarter results, with EPS of $0.25 and revenue of $108.3 million, both ahead of analyst expectations. The company also issued second-quarter revenue guidance of $115 million to $120 million.
• Analysts remain mixed but more constructive, with Susquehanna raising its price target to $85 and Benchmark and Stifel also lifting targets. The stock has a consensus rating of “Hold” with an average price target of $64.50.

ASR Vermogensbeheer N.V. lifted its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,666 shares of the semiconductor company's stock after buying an additional 33,113 shares during the quarter. ASR Vermogensbeheer N.V. owned approximately 0.62% of Power Integrations worth $12,107,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp grew its holdings in Power Integrations by 3,635.7% during the 4th quarter. M&T Bank Corp now owns 748,555 shares of the semiconductor company's stock worth $26,604,000 after acquiring an additional 728,517 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Power Integrations by 35.7% during the third quarter. Wellington Management Group LLP now owns 2,261,281 shares of the semiconductor company's stock worth $90,926,000 after buying an additional 595,404 shares during the period. Squarepoint Ops LLC boosted its position in Power Integrations by 843.8% during the 2nd quarter. Squarepoint Ops LLC now owns 519,952 shares of the semiconductor company's stock valued at $29,065,000 after acquiring an additional 464,858 shares in the last quarter. Vanguard Group Inc. boosted its position in Power Integrations by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 7,556,919 shares of the semiconductor company's stock valued at $268,573,000 after acquiring an additional 409,643 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Power Integrations by 66.5% in the 3rd quarter. Bank of America Corp DE now owns 723,281 shares of the semiconductor company's stock valued at $29,083,000 after acquiring an additional 288,771 shares during the period.

Insiders Place Their Bets

In other news, Director Balu Balakrishnan sold 4,995 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $47.20, for a total value of $235,764.00. Following the sale, the director directly owned 576,256 shares of the company's stock, valued at approximately $27,199,283.20. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gagan Jain sold 3,481 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total value of $167,853.82. Following the completion of the sale, the vice president owned 30,769 shares in the company, valued at $1,483,681.18. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,152 shares of company stock worth $994,599 over the last ninety days. Company insiders own 1.40% of the company's stock.

Key Power Integrations News

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Susquehanna raised its price target on Power Integrations to $85 from $70 and reiterated a positive rating, signaling more upside optimism after the latest results. Benzinga The Fly
• Positive Sentiment: Power Integrations reported first-quarter earnings of $0.25 per share, topping estimates, and revenue of $108.3 million versus consensus of $106.8 million, suggesting continued demand resilience. MarketBeat
• Positive Sentiment: The company’s second-quarter revenue guidance of $115 million to $120 million brackets Wall Street’s forecast, which investors may view as a constructive outlook following the earnings release. MarketBeat
• Positive Sentiment: Power Integrations declared a quarterly dividend of $0.215 per share, reinforcing capital return to shareholders. MSN
• Neutral Sentiment: The company appointed semiconductor veteran Mike Balow as senior vice president of worldwide sales, a leadership move that could support future growth but does not have an immediate financial impact. TipRanks
• Neutral Sentiment: The company also noted improving inventory levels, which is encouraging for operations but is still early evidence rather than a confirmed long-term trend. MSN

Power Integrations Trading Up 2.0%

Power Integrations stock opened at $73.28 on Friday. The firm has a market cap of $4.08 billion, a PE ratio of 244.27, a P/E/G ratio of 5.45 and a beta of 1.54. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $81.59. The stock's 50 day simple moving average is $55.06 and its two-hundred day simple moving average is $45.36.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Power Integrations had a return on equity of 5.32% and a net margin of 3.72%.The company had revenue of $108.31 million during the quarter, compared to analysts' expectations of $106.75 million. During the same quarter in the prior year, the firm posted $0.31 EPS. Power Integrations's quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Power Integrations, Inc. will post 0.64 EPS for the current year.

Power Integrations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, May 29th. Power Integrations's dividend payout ratio is presently 286.67%.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of analyst reports. Zacks Research upgraded Power Integrations from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 26th. Benchmark lifted their target price on Power Integrations from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, April 6th. Stifel Nicolaus boosted their target price on shares of Power Integrations from $56.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Susquehanna increased their price target on shares of Power Integrations from $70.00 to $85.00 and gave the company a "positive" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Power Integrations in a report on Friday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Power Integrations presently has a consensus rating of "Hold" and a consensus price target of $64.50.

Power Integrations Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company's products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm's product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

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