First National Advisers LLC Invests $386,000 in Power Integrations, Inc. (NASDAQ:POWI)

Key Points

• First National Advisers LLC has made a new investment of $386,000 in Power Integrations, acquiring 7,638 shares of the semiconductor company during the first quarter.
• Analysts have raised their price targets for Power Integrations, with Benchmark setting a price objective of $70.00 and Stifel Nicolaus increasing it to $75.00, reflecting a consensus rating of "Moderate Buy."
• Power Integrations declared a quarterly dividend of $0.21 per share, resulting in an annualized dividend yield of 1.62%, although its payout ratio stands at 129.23%.

First National Advisers LLC purchased a new position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,638 shares of the semiconductor company's stock, valued at approximately $386,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Power Integrations by 257.8% in the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 428 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Power Integrations by 133.2% in the fourth quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock valued at $42,000 after buying an additional 385 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in Power Integrations in the first quarter valued at about $42,000. Johnson Financial Group Inc. acquired a new stake in Power Integrations during the fourth quarter valued at approximately $51,000. Finally, Larson Financial Group LLC bought a new position in Power Integrations during the 1st quarter worth approximately $45,000.

Power Integrations Price Performance

NASDAQ:POWI traded up $0.47 during midday trading on Monday, reaching $52.48. 411,581 shares of the company traded hands, compared to its average volume of 362,095. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 80.74, a price-to-earnings-growth ratio of 2.13 and a beta of 1.31. The company has a fifty day moving average price of $54.58 and a 200 day moving average price of $55.16. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $74.93.

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

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.60%. Power Integrations's payout ratio is currently 129.23%.

Wall Street Analysts Forecast Growth

POWI has been the subject of a number of research analyst reports. Benchmark reiterated a "buy" rating and issued a $70.00 price target on shares of Power Integrations in a report on Wednesday, July 16th. Stifel Nicolaus boosted their target price 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. Finally, Wall Street Zen raised shares of Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.33.

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.