IFP Advisors Inc Sells 5,781 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Key Points

• IFP Advisors Inc reduced its position in Power Integrations, Inc. by 43.3% in Q1, now holding 7,577 shares valued at $383,000.
• The semiconductor company reported $0.31 EPS for the recent quarter, surpassing estimates by $0.03 and showing a 15.1% year-over-year revenue increase.
• Power Integrations declared a quarterly dividend of $0.21 per share, resulting in an annualized dividend yield of 1.62%.

IFP Advisors Inc lessened its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 43.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,577 shares of the semiconductor company's stock after selling 5,781 shares during the quarter. IFP Advisors Inc's holdings in Power Integrations were worth $383,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Power Integrations by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 17,385 shares of the semiconductor company's stock worth $878,000 after buying an additional 200 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Power Integrations during the 1st quarter valued at $45,000. Stephens Investment Management Group LLC lifted its stake in Power Integrations by 30.5% in the first quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company's stock valued at $37,318,000 after purchasing an additional 172,530 shares during the last quarter. New York State Common Retirement Fund raised its stake in Power Integrations by 18.3% in the 1st quarter. New York State Common Retirement Fund now owns 157,468 shares of the semiconductor company's stock valued at $7,952,000 after acquiring an additional 24,309 shares during the period. Finally, Robeco Schweiz AG raised its holdings in Power Integrations by 1.6% during the 1st quarter. Robeco Schweiz AG now owns 674,328 shares of the semiconductor company's stock valued at $34,054,000 after acquiring an additional 10,328 shares during the period.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Benchmark restated a "buy" rating and issued a $70.00 price objective on shares of Power Integrations in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded Power Integrations from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.33.

Power Integrations Trading Up 1.8%

Power Integrations stock traded up $0.93 during trading hours on Monday, hitting $52.94. 189,411 shares of the stock traded hands, compared to its average volume of 527,430. The company has a market cap of $2.98 billion, a PE ratio of 81.42, a PEG ratio of 2.13 and a beta of 1.31. The firm's 50-day moving average price is $54.58 and its two-hundred day moving average price is $55.16. Power Integrations, Inc. has a one year low of $40.78 and a one year high of $74.93.

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

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a $0.21 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.59%. Power Integrations's payout ratio is currently 129.23%.

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.