Power Integrations, Inc. $POWI Shares Purchased by Boston Trust Walden Corp

Key Points

• Boston Trust Walden increased its Power Integrations stake by 46.2% in the third quarter, adding 407,546 shares to hold 1.29 million shares, or 2.31% of the company.
• Power Integrations reported quarterly earnings of $0.46 per share, beating estimates and rising from $0.36 a year earlier. Revenue grew 5.5% year over year to $125.48 million but fell slightly short of consensus.
• The company declared a quarterly dividend of $0.215 per share, equivalent to $0.86 annually and a stated yield of 1.8%.

Boston Trust Walden Corp boosted its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 46.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,290,017 shares of the semiconductor company's stock after acquiring an additional 407,546 shares during the period. Boston Trust Walden Corp owned 2.31% of Power Integrations worth $66,823,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky boosted its position in shares of Power Integrations by 180.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,011 shares of the semiconductor company's stock worth $1,895,000 after purchasing an additional 23,837 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Power Integrations in the first quarter valued at about $3,138,000. Calamos Advisors LLC bought a new stake in Power Integrations in the first quarter valued at about $1,181,000. Emerald Advisers LLC bought a new stake in Power Integrations in the first quarter valued at about $5,941,000. Finally, Copeland Capital Management LLC lifted its stake in Power Integrations by 12.6% in the first quarter. Copeland Capital Management LLC now owns 1,321,789 shares of the semiconductor company's stock valued at $67,676,000 after buying an additional 147,882 shares during the period.

Power Integrations Stock Performance

NASDAQ POWI opened at $46.80 on Thursday. The business has a 50 day simple moving average of $49.49 and a 200 day simple moving average of $58.61. Power Integrations, Inc. has a 52-week low of $30.86 and a 52-week high of $91.18. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 71.20 and a beta of 1.58.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its earnings results on Wednesday, November 4th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The firm had revenue of $125.48 million for the quarter, compared to the consensus estimate of $126.03 million. During the same period last year, the company posted $0.36 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Power Integrations, Inc. will post 0.77 EPS for the current year.

Power Integrations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, November 30th will be given a dividend of $0.2150 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.86 annualized dividend and a dividend yield of 1.8%. Power Integrations's dividend payout ratio is currently 191.11%.

Power Integrations News Summary

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Third-quarter earnings were $0.46 per share, above analyst estimates of $0.41–$0.42 and up from $0.36 a year earlier. Revenue increased 5.5% year over year. Power Integrations Q3 Earnings Surpass Estimates
• Positive Sentiment: The company declared a quarterly dividend of $0.215 per share, equivalent to $0.86 annually and a stated yield of 1.8%, offering continued shareholder returns.
• Neutral Sentiment: Inventory levels improved, while the earnings-call coverage highlighted GaN-related growth and margins as areas of investor interest. Q3 sales and inventory update
• Negative Sentiment: Revenue of $125.48 million came in just below the $126.03 million consensus. The modest shortfall tempers the earnings beat and may weigh on the outlook investors take from the quarter. Power Integrations Q3 earnings report

Analysts Set New Price Targets

A number of brokerages have issued reports on POWI. Weiss Ratings upgraded Power Integrations from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 19th. Needham & Company LLC dropped their price objective on Power Integrations from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Williams Trading set a $80.00 price objective on Power Integrations in a research note on Thursday, August 6th. Stifel Nicolaus reduced their target price on Power Integrations from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Finally, Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.83.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company's product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.

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