IFP Advisors Inc Trims Stock Holdings in Power Integrations, Inc. $POWI

Key Points

• IFP Advisors Inc significantly cut its holdings in Power Integrations, reducing its position by 78.1% in the second quarter, leaving them with only 1,658 shares worth $93,000.
• Power Integrations achieved $0.35 earnings per share for the most recent quarter, surpassing analyst expectations of $0.34, with a revenue increase of 9.1% year-over-year.
• The company announced a new quarterly dividend of $0.21 per share, reflecting an annualized dividend of $0.84 and a yield of 1.8%, despite a high dividend payout ratio of 144.83%.

IFP Advisors Inc reduced its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 78.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,658 shares of the semiconductor company's stock after selling 5,919 shares during the quarter. IFP Advisors Inc's holdings in Power Integrations were worth $93,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Invesco Ltd. raised its position in Power Integrations by 1,345.8% in the 1st quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company's stock valued at $66,367,000 after purchasing an additional 1,223,310 shares during the last quarter. American Century Companies Inc. acquired a new position in Power Integrations in the first quarter valued at $36,919,000. ASR Vermogensbeheer N.V. acquired a new position in Power Integrations in the first quarter valued at $14,215,000. Foresight Group Ltd Liability Partnership purchased a new stake in shares of Power Integrations in the first quarter valued at about $11,271,000. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Power Integrations by 30.5% during the first quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company's stock worth $37,318,000 after buying an additional 172,530 shares during the period.

Power Integrations Price Performance

POWI opened at $45.48 on Monday. Power Integrations, Inc. has a 12 month low of $34.55 and a 12 month high of $69.53. The stock has a market capitalization of $2.55 billion, a P/E ratio of 78.42, a P/E/G ratio of 2.97 and a beta of 1.37. The business has a 50 day simple moving average of $43.67 and a 200-day simple moving average of $48.97.

Power Integrations (NASDAQ:POWI - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $115.02 million. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.Power Integrations's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. Research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on POWI shares. Benchmark restated a "buy" rating and issued a $55.00 price target on shares of Power Integrations in a research report on Tuesday, September 23rd. Wall Street Zen downgraded Power Integrations from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings restated a "sell (d+)" rating on shares of Power Integrations in a research note on Wednesday, October 8th. Finally, Susquehanna decreased their price target on Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.67.

Insider Activity

In related news, VP Doug Bailey sold 16,989 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the sale, the vice president owned 50,798 shares in the company, valued at $2,357,535.18. This represents a 25.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total value of $93,757.80. Following the completion of the transaction, the vice president directly owned 18,812 shares of the company's stock, valued at $866,292.60. The trade was a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,470 shares of company stock worth $1,697,214 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

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.

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