Power Integrations, Inc. $POWI Shares Purchased by Stephens Investment Management Group LLC

Key Points

• Stephens Investment Management Group LLC increased its stake in Power Integrations, Inc. by 1.5%, owning approximately 749,969 shares valued at $41.9 million.
• Power Integrations reported a quarterly EPS of $0.35, exceeding analysts' expectations, with a revenue of $115.85 million, up 9.1% year-over-year.
• The company announced a quarterly dividend of $0.21 per share, representing an annual yield of 1.9%, despite a high payout ratio of 144.83%.

Stephens Investment Management Group LLC boosted its position in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 749,969 shares of the semiconductor company's stock after acquiring an additional 10,993 shares during the quarter. Stephens Investment Management Group LLC owned 1.33% of Power Integrations worth $41,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in Power Integrations by 1.2% in the first quarter. Victory Capital Management Inc. now owns 17,385 shares of the semiconductor company's stock valued at $878,000 after acquiring an additional 200 shares during the last quarter. Bayforest Capital Ltd boosted its holdings in Power Integrations by 54.3% in the first quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 222 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company's stock valued at $255,000 after acquiring an additional 261 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Power Integrations by 4.1% in the first quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company's stock valued at $342,000 after acquiring an additional 269 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Power Integrations by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,493 shares of the semiconductor company's stock valued at $227,000 after acquiring an additional 339 shares during the last quarter.

Power Integrations Stock Performance

NASDAQ:POWI opened at $44.69 on Wednesday. Power Integrations, Inc. has a one year low of $34.55 and a one year high of $69.53. The business's 50-day simple moving average is $43.67 and its 200 day simple moving average is $48.95. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 77.05, a price-to-earnings-growth ratio of 2.96 and a beta of 1.37.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $115.02 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company's revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Power Integrations's payout ratio is currently 144.83%.

Wall Street Analyst Weigh In

POWI has been the topic of a number of research analyst reports. Susquehanna reduced their target price on Power Integrations from $70.00 to $55.00 and set a "positive" rating on the stock in a report on Thursday, August 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Power Integrations in a research report on Wednesday, October 8th. Benchmark reaffirmed a "buy" rating and issued a $55.00 target price on shares of Power Integrations in a research report on Tuesday, September 23rd. Finally, Wall Street Zen downgraded Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.67.

Insider Activity

In related 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 sale, the vice president directly owned 50,798 shares of the company's stock, valued at $2,357,535.18. The trade was a 25.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gagan Jain sold 2,036 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $866,292.60. This represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,470 shares of company stock valued at $1,697,214. 1.40% of the stock is owned by corporate insiders.

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.

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