ASR Vermogensbeheer N.V. Acquires New Position in Power Integrations, Inc. (NASDAQ:POWI)

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 Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and 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 0.50% of Power Integrations as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new stake in shares of Power Integrations during the 1st quarter worth about $1,452,000. SG Americas Securities LLC purchased a new position in Power Integrations during the first quarter worth approximately $344,000. GAMMA Investing LLC boosted its position in Power Integrations by 243.2% during the first quarter. GAMMA Investing LLC now owns 2,011 shares of the semiconductor company's stock worth $102,000 after purchasing an additional 1,425 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Power Integrations by 18.3% in the first quarter. New York State Common Retirement Fund now owns 157,468 shares of the semiconductor company's stock valued at $7,952,000 after purchasing an additional 24,309 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Power Integrations by 18.5% in the fourth quarter. Bank of America Corp DE now owns 401,125 shares of the semiconductor company's stock valued at $24,749,000 after buying an additional 62,750 shares in the last quarter.

Power Integrations Stock Performance

Shares of NASDAQ POWI traded down $4.36 during mid-day trading on Thursday, reaching $43.13. The company's stock had a trading volume of 1,660,732 shares, compared to its average volume of 500,440. The stock has a 50-day moving average of $54.16 and a two-hundred day moving average of $54.46. The stock has a market capitalization of $2.43 billion, a P/E ratio of 74.36, a P/E/G ratio of 1.95 and a beta of 1.31. Power Integrations, Inc. has a 1-year low of $39.53 and a 1-year high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Power Integrations had a net margin of 7.59% and a return on equity of 5.78%. The company had revenue of $115.85 million during the quarter, compared to the consensus estimate of $115.02 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Power Integrations's quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Power Integrations's payout ratio is 129.23%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on POWI. Stifel Nicolaus lifted their price target on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Susquehanna dropped their target price on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a research report on Thursday. Benchmark reissued a "buy" rating and set a $70.00 target price on shares of Power Integrations in a research note on Wednesday, July 16th. Finally, Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Power Integrations has an average rating of "Moderate Buy" and an average price target of $69.67.

Power Integrations Company 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.