Robeco Schweiz AG Grows Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Robeco Schweiz AG lifted its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674,328 shares of the semiconductor company's stock after buying an additional 10,328 shares during the quarter. Robeco Schweiz AG owned approximately 1.19% of Power Integrations worth $34,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Snowden Capital Advisors LLC boosted its stake in Power Integrations by 1.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company's stock worth $748,000 after purchasing an additional 211 shares in the last quarter. Covestor Ltd boosted its stake in Power Integrations by 16.9% in the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company's stock worth $100,000 after purchasing an additional 234 shares in the last quarter. Bessemer Group Inc. boosted its stake in Power Integrations by 4.1% in the 1st quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company's stock worth $342,000 after purchasing an additional 269 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Finally, Xponance Inc. boosted its stake in Power Integrations by 4.8% in the 4th quarter. Xponance Inc. now owns 8,027 shares of the semiconductor company's stock worth $495,000 after purchasing an additional 371 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on POWI. Wall Street Zen upgraded shares of Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Stifel Nicolaus upped their target price on shares of Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Power Integrations presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.67.

Power Integrations Stock Performance

Shares of NASDAQ POWI traded down $0.66 during midday trading on Friday, hitting $58.04. 345,749 shares of the company's stock traded hands, compared to its average volume of 480,284. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 89.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.31. The firm has a fifty day moving average of $54.50 and a 200 day moving average of $55.83.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Monday, May 12th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $105.53 million during the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a net margin of 8.56% and a return on equity of 5.12%. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. On average, equities analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, May 30th. Power Integrations's dividend payout ratio is 129.23%.

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.