Nomura Holdings Inc. Makes New $465,000 Investment in Power Integrations, Inc. (NASDAQ:POWI)

Nomura Holdings Inc. acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,531 shares of the semiconductor company's stock, valued at approximately $465,000.

A number of other hedge funds also recently modified their holdings of POWI. Numerai GP LLC increased its stake in shares of Power Integrations by 32.0% during the fourth quarter. Numerai GP LLC now owns 26,230 shares of the semiconductor company's stock worth $1,618,000 after purchasing an additional 6,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Power Integrations by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,219 shares of the semiconductor company's stock valued at $1,988,000 after buying an additional 1,215 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in Power Integrations during the 4th quarter worth $642,000. Captrust Financial Advisors lifted its holdings in shares of Power Integrations by 21.5% during the fourth quarter. Captrust Financial Advisors now owns 26,134 shares of the semiconductor company's stock worth $1,612,000 after buying an additional 4,621 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Power Integrations by 18.4% during the fourth quarter. Baird Financial Group Inc. now owns 4,792 shares of the semiconductor company's stock worth $296,000 after buying an additional 743 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target 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. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Benchmark reaffirmed a "buy" rating and set a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $74.67.

Power Integrations Price Performance

POWI stock traded up $1.14 during midday trading on Tuesday, reaching $51.00. The company had a trading volume of 40,195 shares, compared to its average volume of 463,218. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $79.13. The stock has a 50 day moving average price of $49.95 and a 200-day moving average price of $57.73. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 89.48, a price-to-earnings-growth ratio of 4.08 and a beta of 1.31.

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 for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. The company 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 7.69% and a return on equity of 4.48%. The firm's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, May 30th. Power Integrations's payout ratio is presently 129.23%.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 9,544 shares of Power Integrations stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $51.19, for a total value of $488,557.36. Following the transaction, the chief executive officer now owns 590,580 shares in the company, valued at $30,231,790.20. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Clifford Walker sold 1,088 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total value of $55,368.32. Following the transaction, the vice president now directly owns 141,765 shares of the company's stock, valued at approximately $7,214,420.85. The trade was a 0.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,561 shares of company stock valued at $642,092. 1.40% of the stock is currently owned by corporate 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.