Power Integrations, Inc. $POWI Position Boosted by CW Advisors LLC

Key Points

• CW Advisors LLC increased its holdings in Power Integrations by 22.7%, owning approximately 85,748 shares valued at $4.33 million.
• Power Integrations reported a quarterly earnings per share (EPS) of $0.35, exceeding expectations and showing a 9.1% revenue growth year-over-year.
• The company will distribute a quarterly dividend of $0.21, with an annualized yield of 1.8%, despite a high dividend payout ratio of 144.83%.

CW Advisors LLC lifted its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 22.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,748 shares of the semiconductor company's stock after acquiring an additional 15,853 shares during the period. CW Advisors LLC owned 0.15% of Power Integrations worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in POWI. Invesco Ltd. lifted its stake in shares of Power Integrations by 1,345.8% in the 1st quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company's stock worth $66,367,000 after acquiring an additional 1,223,310 shares during the period. American Century Companies Inc. acquired a new stake in shares of Power Integrations in the 1st quarter worth approximately $36,919,000. ASR Vermogensbeheer N.V. acquired a new stake in shares of Power Integrations in the 1st quarter worth approximately $14,215,000. Stephens Investment Management Group LLC raised its position in Power Integrations by 30.5% in the first quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company's stock worth $37,318,000 after acquiring an additional 172,530 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in Power Integrations by 16.8% in the first quarter. Congress Asset Management Co. now owns 737,134 shares of the semiconductor company's stock worth $37,225,000 after acquiring an additional 105,995 shares in the last quarter.

Power Integrations Price Performance

NASDAQ POWI traded down $0.19 on Friday, hitting $45.94. 60,521 shares of the company were exchanged, compared to its average volume of 549,913. The company's 50 day moving average price is $51.65 and its 200-day moving average price is $52.92. The firm has a market capitalization of $2.58 billion, a P/E ratio of 79.17, a price-to-earnings-growth ratio of 3.06 and a beta of 1.31. Power Integrations, Inc. has a twelve month low of $39.53 and a twelve month high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $115.85 million for the quarter, compared to the consensus estimate of $115.02 million. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.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 earned $0.28 EPS. As a group, equities analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, August 29th. Power Integrations's payout ratio is presently 144.83%.

Insider Activity

In other Power Integrations news, VP Doug Bailey sold 16,989 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.41, for a total transaction of $788,459.49. Following the sale, the vice president owned 50,798 shares in the company, valued at approximately $2,357,535.18. The trade was a 25.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total value of $93,757.80. Following the sale, the vice president owned 18,812 shares in the company, valued at approximately $866,292.60. The trade was a 9.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,014 shares of company stock worth $1,678,322. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on POWI. Stifel Nicolaus boosted their price target on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Benchmark dropped their price target on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Susquehanna dropped their price target 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, August 7th. Finally, Wall Street Zen cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Power Integrations currently has a consensus rating of "Buy" and an average target price of $61.67.

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.