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

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Numerai GP LLC grew its holdings in Power Integrations by 32.0% in the 4th quarter. Numerai GP LLC now owns 26,230 shares of the semiconductor company's stock worth $1,618,000 after buying an additional 6,364 shares in the last quarter. 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 worth $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 in the 4th quarter worth approximately $642,000. Captrust Financial Advisors grew its holdings in Power Integrations by 21.5% in the 4th 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 position in Power Integrations by 18.4% in the fourth quarter. Baird Financial Group Inc. now owns 4,792 shares of the semiconductor company's stock worth $296,000 after purchasing an additional 743 shares during the period.

Insider Buying and Selling at Power Integrations

In other news, CFO Sandeep Nayyar sold 1,929 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $98,166.81. Following the transaction, the chief financial officer now directly owns 107,357 shares of the company's stock, valued at approximately $5,463,397.73. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Clifford Walker sold 1,088 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $50.89, for a total transaction of $55,368.32. Following the completion of the transaction, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. This trade represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,561 shares of company stock valued at $642,092 in the last three months. 1.40% of the stock is currently owned by company insiders.

Power Integrations Price Performance

Shares of NASDAQ:POWI traded up $1.32 on Tuesday, reaching $51.18. 435,713 shares of the company traded hands, compared to its average volume of 464,765. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The company's 50 day moving average is $49.86 and its 200-day moving average is $57.68. The stock has a market capitalization of $2.88 billion, a PE ratio of 89.79, a P/E/G ratio of 4.08 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its 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 7.69% and a return on equity of 4.48%. The company had revenue of $105.53 million for the quarter, compared to the consensus estimate of $105.44 million. During the same period in the previous year, the business earned $0.18 EPS. The company's revenue was up 15.1% on a year-over-year basis. As a group, analysts expect that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The company 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 1.64%. The ex-dividend date of this dividend is Friday, May 30th. Power Integrations's dividend payout ratio (DPR) is currently 129.23%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on POWI. Benchmark restated a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a research report on Friday, February 7th. Stifel Nicolaus upped their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded Power Integrations from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $74.67.

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.