Jupiter Topco LLC Purchases Shares of 22,414 Power Integrations, Inc. $POWI

Key Points

• Jupiter Topco LLC acquired 22,414 shares of Power Integrations in the second quarter, worth approximately $1.88 million. Several other institutional investors also increased or initiated positions.
• Power Integrations reported quarterly EPS of $0.37, exceeding estimates of $0.32, while revenue rose 2.6% year over year to $118.94 million. The stock opened at $50.54, well below its 50-day and 200-day moving averages near $64.
• Analyst sentiment remains moderately positive, with four Buy and four Hold ratings and a consensus price target of $72.67, despite recent target-price reductions from Needham and Stifel.

Jupiter Topco LLC bought a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,414 shares of the semiconductor company's stock, valued at approximately $1,877,000.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in Power Integrations by 576.3% during the first quarter. Geneos Wealth Management Inc. now owns 629 shares of the semiconductor company's stock valued at $32,000 after buying an additional 536 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Power Integrations in the second quarter worth about $33,000. Kestra Advisory Services LLC acquired a new position in shares of Power Integrations in the fourth quarter worth about $36,000. UMB Bank n.a. boosted its stake in shares of Power Integrations by 61.7% during the 4th quarter. UMB Bank n.a. now owns 1,074 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 410 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 worth $42,000 after acquiring an additional 453 shares in the last quarter.

Power Integrations Price Performance

Shares of Power Integrations stock opened at $50.54 on Friday. The stock's 50 day simple moving average is $64.10 and its 200-day simple moving average is $63.54. The stock has a market cap of $2.82 billion, a P/E ratio of 112.31 and a beta of 1.54. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $91.18.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. Power Integrations had a return on equity of 5.50% and a net margin of 5.58%.The business had revenue of $118.94 million during the quarter, compared to the consensus estimate of $117.44 million. During the same period last year, the company earned $0.35 EPS. The company's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts expect that Power Integrations, Inc. will post 0.77 EPS for the current fiscal year.

Analyst Ratings Changes

POWI has been the subject of several recent analyst reports. Susquehanna lifted their price target on Power Integrations from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Power Integrations in a research report on Friday, May 8th. Zacks Research lowered Power Integrations from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Needham & Company LLC cut their price objective on Power Integrations from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Stifel Nicolaus reduced their target price on Power Integrations from $95.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Power Integrations presently has a consensus rating of "Moderate Buy" and an average price target of $72.67.

Power Integrations Profile

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.

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