QSV Equity Investors LLC Purchases 6,195 Shares of Power Integrations, Inc. $POWI

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

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

Analysts Set New Price Targets

POWI has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Wall Street Zen lowered Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Susquehanna lowered their price target on Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research report on Thursday, August 7th. Finally, Benchmark lowered their price target on Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $61.67.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 16,989 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.41, for a total value of $788,459.49. Following the completion of the transaction, the vice president owned 50,798 shares of the company's stock, valued at approximately $2,357,535.18. The trade was a 25.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.05, for a total value of $93,757.80. Following the completion of the transaction, the vice president directly owned 18,812 shares of the company's stock, valued at approximately $866,292.60. This trade represents a 9.77% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,014 shares of company stock valued at $1,678,322. 1.40% of the stock is owned by insiders.

Power Integrations Trading Up 5.3%

NASDAQ:POWI traded up $2.37 during mid-day trading on Friday, reaching $47.42. The company's stock had a trading volume of 552,429 shares, compared to its average volume of 715,080. Power Integrations, Inc. has a 12-month low of $39.53 and a 12-month high of $69.53. The firm's fifty day moving average price is $52.32 and its two-hundred day moving average price is $53.30. The stock has a market cap of $2.66 billion, a P/E ratio of 81.76, a PEG ratio of 2.95 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Power Integrations had a return on equity of 5.86% and a net margin of 7.59%.The business had revenue of $115.85 million during the quarter, compared to analyst estimates of $115.02 million. During the same quarter in the previous year, the firm earned $0.28 EPS. Power Integrations's revenue was up 9.1% on a year-over-year basis. Analysts predict that Power Integrations, Inc. will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. Power Integrations's payout ratio is 144.83%.

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.