Snyder Capital Management L P Boosts Stock Holdings in Power Integrations, Inc. $POWI

Key Points

• Snyder Capital Management increased its stake in Power Integrations by 3.4% in Q3 to 829,726 shares, representing about 1.50% of the company and valued at roughly $33.36 million.
• Earnings beat: Power Integrations reported $0.23 EPS vs. $0.19 expected on $103.2M revenue (down 1.9% year‑over‑year); analysts have a consensus "Hold" with a $61 target and expect roughly $0.93 EPS for the year.
• Dividend raised to $0.215 quarterly (annualized $0.86, ~1.8% yield), but the payout ratio is very high at ~220.5%, and insiders sold 41,518 shares (~$1.92M) over the last three months.

Snyder Capital Management L P lifted its stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 829,726 shares of the semiconductor company's stock after purchasing an additional 27,191 shares during the period. Snyder Capital Management L P owned about 1.50% of Power Integrations worth $33,363,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of POWI. Dimensional Fund Advisors LP boosted its stake in shares of Power Integrations by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,029,901 shares of the semiconductor company's stock valued at $41,408,000 after buying an additional 13,044 shares during the period. Victory Capital Management Inc. raised its holdings in Power Integrations by 13.5% in the third quarter. Victory Capital Management Inc. now owns 16,802 shares of the semiconductor company's stock valued at $676,000 after acquiring an additional 1,997 shares in the last quarter. Huntington National Bank lifted its stake in Power Integrations by 42.6% in the third quarter. Huntington National Bank now owns 1,871 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 559 shares during the last quarter. Quantbot Technologies LP grew its holdings in Power Integrations by 48,387.7% during the 3rd quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company's stock worth $5,245,000 after acquiring an additional 130,163 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Power Integrations by 5.7% in the 3rd quarter. Intech Investment Management LLC now owns 26,460 shares of the semiconductor company's stock valued at $1,064,000 after purchasing an additional 1,432 shares during the last quarter.

Power Integrations Price Performance

NASDAQ POWI opened at $46.97 on Thursday. The company has a fifty day moving average of $43.97 and a two-hundred day moving average of $41.47. The company has a market capitalization of $2.61 billion, a PE ratio of 120.44, a P/E/G ratio of 3.64 and a beta of 1.34. Power Integrations, Inc. has a 1 year low of $30.86 and a 1 year high of $63.04.

Power Integrations (NASDAQ:POWI - Get Free Report) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $103.20 million for the quarter, compared to analysts' expectations of $103.02 million. Power Integrations had a return on equity of 5.15% and a net margin of 4.98%.The business's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, research analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from Power Integrations's previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.8%. Power Integrations's dividend payout ratio is currently 220.51%.

Insider Buying and Selling at Power Integrations

In other news, VP Sunil Gupta sold 2,168 shares of Power Integrations stock in a transaction on Tuesday, February 3rd. The shares were 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 of the company's stock, valued at $4,365,014.28. The trade was a 2.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Gagan Jain sold 3,481 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $48.22, for a total transaction of $167,853.82. Following the completion of the sale, the vice president owned 30,769 shares of the company's stock, valued at approximately $1,483,681.18. This trade represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 41,518 shares of company stock valued at $1,920,642. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

POWI has been the subject of several recent analyst reports. Zacks Research raised shares of Power Integrations from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. 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. Benchmark reaffirmed a "buy" rating and set a $55.00 price target on shares of Power Integrations in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Power Integrations in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $61.00.

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.

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