Power Integrations, Inc. (NASDAQ:POWI) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,972 shares of the semiconductor company's stock after acquiring an additional 17,905 shares during the quarter. Envestnet Asset Management Inc. owned 0.51% of Power Integrations worth $14,644,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock worth $444,909,000 after buying an additional 114,047 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Power Integrations by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company's stock worth $150,879,000 after buying an additional 105,034 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after buying an additional 178,896 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Power Integrations by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company's stock worth $99,000,000 after buying an additional 28,793 shares during the last quarter. Finally, Capital International Investors lifted its position in shares of Power Integrations by 5.8% during the 4th quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock worth $92,743,000 after buying an additional 82,681 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on POWI. Benchmark reaffirmed a "buy" rating and issued a $70.00 target price on shares of Power Integrations in a report on Wednesday, July 16th. Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Stifel Nicolaus lifted their target price on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Power Integrations has an average rating of "Moderate Buy" and a consensus target price of $73.33.

Power Integrations Stock Down 0.6%

Shares of POWI stock traded down $0.31 during trading hours on Tuesday, hitting $54.01. 347,048 shares of the company were exchanged, compared to its average volume of 479,980. The firm has a market cap of $3.04 billion, a PE ratio of 83.09, a PEG ratio of 2.23 and a beta of 1.31. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $75.57. The firm has a fifty day moving average of $54.82 and a 200 day moving average of $55.48.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its 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. The firm had revenue of $105.53 million during the quarter, compared to the consensus estimate of $105.44 million. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The company's revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, May 30th. Power Integrations's payout ratio is currently 129.23%.

Power Integrations 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.