Power Integrations, Inc. $POWI Shares Bought by QSV Equity Investors LLC

Key Points

• QSV Equity Investors LLC has increased its stake in Power Integrations, Inc. by 37.4%, bringing its total holdings to 22,752 shares valued at approximately $1.149 million.
• The company announced a quarterly dividend of $0.21 per share, representing an annualized yield of 1.8%, with the ex-dividend date set for August 29th.
• Recent research reports indicate mixed analyst sentiment, with target prices for POWI set as high as $75 and as low as $55.

QSV Equity Investors LLC increased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,752 shares of the semiconductor company's stock after buying an additional 6,195 shares during the period. QSV Equity Investors LLC's holdings in Power Integrations were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in Power Integrations by 257.8% during the first quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock worth $30,000 after buying an additional 428 shares in the last quarter. Bayforest Capital Ltd raised its position in Power Integrations by 54.3% during the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 222 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Power Integrations by 841.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 781 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 698 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in Power Integrations during the first quarter worth about $42,000. Finally, Larson Financial Group LLC acquired a new position in Power Integrations during the first quarter worth about $45,000.

Insider Buying and Selling at Power Integrations

In related news, VP Gagan Jain sold 2,036 shares of the business'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 sale, the vice president directly owned 18,812 shares in the company, valued at approximately $866,292.60. The trade was a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

POWI has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Susquehanna cut their target price on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research report on Thursday, August 7th. Wall Street Zen cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Benchmark cut their target price on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, August 11th.

Power Integrations Price Performance

NASDAQ:POWI opened at $46.30 on Monday. The firm has a 50 day simple moving average of $53.41 and a 200-day simple moving average of $53.72. The firm has a market cap of $2.60 billion, a PE ratio of 79.83, a P/E/G ratio of 3.62 and a beta of 1.31. Power Integrations, Inc. has a 1-year low of $39.53 and a 1-year high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. As a group, 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 will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 29th. Power Integrations's payout ratio is currently 144.83%.

About Power Integrations

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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