Edgestream Partners L.P. Has $1.42 Million Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Edgestream Partners L.P. decreased its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 63.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 28,097 shares of the semiconductor company's stock after selling 48,269 shares during the period. Edgestream Partners L.P.'s holdings in Power Integrations were worth $1,419,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of Power Integrations in the fourth quarter valued at approximately $19,663,000. Federated Hermes Inc. grew its position in shares of Power Integrations by 40.0% in the 4th quarter. Federated Hermes Inc. now owns 711,017 shares of the semiconductor company's stock valued at $43,870,000 after buying an additional 203,309 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Power Integrations by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after acquiring an additional 178,896 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings 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 valued at $37,318,000 after buying an additional 172,530 shares during the period. Finally, Snyder Capital Management L P grew its holdings in Power Integrations by 22.3% during the 4th quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock worth $54,451,000 after acquiring an additional 160,784 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Benchmark reiterated a "buy" rating and set a $70.00 target price on shares of Power Integrations in a research report on Wednesday, July 16th. Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Stifel Nicolaus increased their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Power Integrations presently has a consensus rating of "Moderate Buy" and an average price target of $73.33.

Power Integrations Stock Performance

Power Integrations stock traded down $0.31 during trading on Tuesday, hitting $54.01. The company's stock had a trading volume of 347,048 shares, compared to its average volume of 479,980. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $75.57. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 83.09, a P/E/G ratio of 2.23 and a beta of 1.31. The stock's fifty day moving average is $54.70 and its 200 day moving average is $55.41.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business's revenue was up 15.1% compared to the same quarter last year. On average, research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company 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 annualized dividend and a yield of 1.56%. Power Integrations's dividend payout ratio is 129.23%.

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.