Power Integrations, Inc. $POWI Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank increased its stake in Power Integrations by 209.8% in Q4 to 56,658 shares, representing about 0.10% of the company and worth roughly $2.01 million.
• Company insiders have been net sellers recently—VPs Gagan Jain and Sunil Gupta disclosed sales and insiders sold a total of 41,831 shares (~$1.94 million) in the past 90 days; insiders now own about 1.4% of POWI.
• Analysts are mixed: the consensus rating is "Hold" with a $56.50 price target despite several firms raising targets to the low $60s; POWI trades near $70.62, carries a high P/E (~181), and recently raised its quarterly dividend to $0.215 (annualized yield ~1.2%).

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 209.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,658 shares of the semiconductor company's stock after buying an additional 38,371 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of Power Integrations worth $2,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in Power Integrations by 248.4% in the fourth quarter. State of Alaska Department of Revenue now owns 30,924 shares of the semiconductor company's stock valued at $1,098,000 after buying an additional 22,049 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in Power Integrations by 27.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 22,792 shares of the semiconductor company's stock valued at $810,000 after buying an additional 4,910 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in Power Integrations by 98.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,998 shares of the semiconductor company's stock valued at $71,000 after buying an additional 989 shares in the last quarter. SG Americas Securities LLC raised its stake in Power Integrations by 108.7% in the fourth quarter. SG Americas Securities LLC now owns 44,351 shares of the semiconductor company's stock valued at $1,576,000 after buying an additional 23,096 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Power Integrations in the third quarter valued at $2,640,000.

Insider Buying and Selling

In related news, VP Gagan Jain sold 3,481 shares of the firm's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total transaction of $167,853.82. Following the transaction, the vice president owned 30,769 shares of the company's stock, valued at $1,483,681.18. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Sunil Gupta sold 2,168 shares of the firm's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $45.58, for a total value of $98,817.44. Following the transaction, the vice president directly owned 95,766 shares in the company, valued at approximately $4,365,014.28. This represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 41,831 shares of company stock worth $1,936,896. Corporate insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

POWI has been the topic of a number of analyst reports. Susquehanna raised their price target on Power Integrations from $50.00 to $53.00 and gave the company a "positive" rating in a research note on Thursday, January 22nd. Weiss Ratings restated a "sell (d)" rating on shares of Power Integrations in a research note on Monday, December 29th. Northland Securities lowered Power Integrations from an "outperform" rating to a "market perform" rating and set a $46.00 price objective on the stock. in a report on Monday, April 6th. Benchmark raised their price objective on Power Integrations from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, April 6th. Finally, Stifel Nicolaus raised their price objective on Power Integrations from $56.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $56.50.

Power Integrations Stock Down 4.0%

NASDAQ POWI opened at $70.62 on Tuesday. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $76.22. The business's 50-day moving average price is $51.86 and its 200 day moving average price is $44.16. The firm has a market cap of $3.93 billion, a P/E ratio of 181.08, a P/E/G ratio of 5.58 and a beta of 1.30.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The firm had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. During the same quarter last year, the company posted $0.30 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. As a group, analysts anticipate that Power Integrations, Inc. will post 0.64 earnings per share for the current year.

Power Integrations Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were issued a dividend of $0.215 per share. This is an increase from Power Integrations's previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, February 27th. Power Integrations's dividend payout ratio is 220.51%.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company's products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm's product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.