281,518 Shares in Power Integrations, Inc. (NASDAQ:POWI) Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. acquired a new position in Power Integrations, Inc. by purchasing 281,518 shares valued at approximately $14.2 million, representing 0.50% ownership in the company.
• Several institutional investors have increased their stakes in Power Integrations, with notable acquisitions including a 257.8% stake lift by Allworth Financial LP and a 54.3% increase by Bayforest Capital Ltd.
• Research analysts are optimistic about Power Integrations, with most firms issuing a "buy" rating, and the stock currently holds an average target price of $73.33.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 281,518 shares of the semiconductor company's stock, valued at approximately $14,215,000. ASR Vermogensbeheer N.V. owned approximately 0.50% of Power Integrations at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of Power Integrations by 1.2% during the first quarter. Victory Capital Management Inc. now owns 17,385 shares of the semiconductor company's stock worth $878,000 after purchasing an additional 200 shares during the last quarter. Snowden Capital Advisors LLC grew its holdings in shares of Power Integrations by 1.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company's stock worth $748,000 after purchasing an additional 211 shares during the last quarter. Bayforest Capital Ltd grew its holdings in shares of Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 222 shares during the last quarter. Covestor Ltd grew its holdings in shares of Power Integrations by 16.9% during the fourth quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after purchasing an additional 234 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Power Integrations by 4.1% during the first quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company's stock worth $342,000 after purchasing an additional 269 shares during the last quarter.

Power Integrations Price Performance

Shares of Power Integrations stock traded up $1.05 on Friday, hitting $44.18. 859,547 shares of the company's stock traded hands, compared to its average volume of 564,928. The firm's 50-day moving average price is $54.04 and its two-hundred day moving average price is $54.26. The stock has a market capitalization of $2.48 billion, a PE ratio of 76.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. Power Integrations, Inc. has a one year low of $39.53 and a one year high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $115.85 million during the quarter, compared to analysts' expectations of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. On average, analysts forecast that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Power Integrations's dividend payout ratio is currently 144.83%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on POWI shares. Wall Street Zen cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday. Benchmark reaffirmed a "buy" rating and set a $70.00 price objective on shares of Power Integrations in a report on Wednesday, July 16th. Stifel Nicolaus upped their price objective on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Susquehanna reduced their price objective on Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a report on Thursday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Power Integrations has a consensus rating of "Buy" and an average price target of $70.00.

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.