Deutsche Bank AG Takes Position in Power Integrations, Inc. $POWI

Deutsche Bank AG purchased a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 150,103 shares of the semiconductor company's stock, valued at approximately $12,573,000. Deutsche Bank AG owned 0.27% of Power Integrations at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC bought a new position in Power Integrations during the 2nd quarter worth $33,000. Global Retirement Partners LLC acquired a new position in Power Integrations in the 2nd quarter valued at $44,000. Geneos Wealth Management Inc. raised its holdings in Power Integrations by 576.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 536 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Power Integrations by 125.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 453 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Power Integrations during the 4th quarter valued at $36,000.

Power Integrations Trading Up 0.6%

Shares of NASDAQ POWI opened at $55.18 on Friday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 122.62 and a beta of 1.58. Power Integrations, Inc. has a 12 month low of $30.86 and a 12 month high of $91.18. The stock has a 50-day moving average price of $69.71 and a two-hundred day moving average price of $63.06.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The company had revenue of $118.94 million for the quarter, compared to the consensus estimate of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. On average, sell-side analysts predict that Power Integrations, Inc. will post 0.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on POWI shares. Stifel Nicolaus decreased their price target on Power Integrations from $95.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Zacks Research downgraded shares of Power Integrations from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Weiss Ratings raised shares of Power Integrations from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday. Williams Trading set a $80.00 target price on shares of Power Integrations in a report on Thursday, August 6th. Finally, Susquehanna boosted their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a "positive" rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Power Integrations presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.67.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 6,860 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $83.67, for a total value of $573,976.20. Following the sale, the vice president owned 64,379 shares in the company, valued at $5,386,590.93. This trade represents a 9.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Balu Balakrishnan sold 124,287 shares of the business's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total transaction of $10,743,368.28. Following the sale, the director directly owned 279,516 shares in the company, valued at approximately $24,161,363.04. The trade was a 30.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 273,997 shares of company stock worth $23,013,413 over the last quarter. Corporate insiders own 1.20% of the company's stock.

About Power Integrations

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.

Want to see what other hedge funds are holding POWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Power Integrations, Inc. (NASDAQ:POWI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source