Sei Investments Co. Has $5.22 Million Holdings in Power Integrations, Inc. $POWI

Key Points

• Sei Investments Co. has increased its ownership in Power Integrations, Inc. by 7.1%, acquiring an additional 6,827 shares to bring its total stake to 103,425 shares valued at approximately $5.22 million.
• Several institutional investors have also increased their stakes, with Caitong International Asset Management raising theirs by an impressive 841% during the same quarter.
• The company reported an EPS of $0.35 for the last quarter, slightly above analysts' expectations, as well as a revenue increase of 9.1% year-over-year.

Sei Investments Co. increased its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,425 shares of the semiconductor company's stock after purchasing an additional 6,827 shares during the quarter. Sei Investments Co. owned 0.18% of Power Integrations worth $5,223,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Invesco Ltd. grew its stake in shares of Power Integrations by 1,345.8% during the 1st quarter. Invesco Ltd. now owns 1,314,208 shares of the semiconductor company's stock worth $66,367,000 after acquiring an additional 1,223,310 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new position in shares of Power Integrations during the 1st quarter worth approximately $14,215,000. Stephens Investment Management Group LLC grew its stake in shares of Power Integrations by 30.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 738,976 shares of the semiconductor company's stock worth $37,318,000 after acquiring an additional 172,530 shares in the last quarter. Snyder Capital Management L P grew its stake in shares of Power Integrations by 22.3% during the 4th quarter. Snyder Capital Management L P now owns 882,518 shares of the semiconductor company's stock worth $54,451,000 after acquiring an additional 160,784 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Power Integrations during the 4th quarter worth approximately $7,470,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on POWI. Susquehanna decreased their price target on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research note on Thursday, August 7th. Benchmark decreased their price target on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Wall Street Zen downgraded Power Integrations from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Stifel Nicolaus increased their price objective on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $61.67.

Insiders Place Their Bets

In other news, VP Doug Bailey sold 16,989 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $46.86, for a total value of $796,104.54. Following the completion of the sale, the vice president owned 67,787 shares of the company's stock, valued at approximately $3,176,498.82. The trade was a 20.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction 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. The trade was a 9.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Power Integrations Price Performance

POWI stock traded down $0.6250 during midday trading on Wednesday, reaching $45.8850. 103,075 shares of the company were exchanged, compared to its average volume of 550,684. The business has a 50-day moving average price of $52.97 and a two-hundred day moving average price of $53.56. Power Integrations, Inc. has a one year low of $39.53 and a one year high of $69.53. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 78.87, a price-to-earnings-growth ratio of 3.62 and a beta of 1.31.

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

Power Integrations Announces Dividend

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

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.