Stephens Investment Management Group LLC Boosts Stock Position in Power Integrations, Inc. (NASDAQ:POWI)

Stephens Investment Management Group LLC increased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 30.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,976 shares of the semiconductor company's stock after purchasing an additional 172,530 shares during the quarter. Stephens Investment Management Group LLC owned 1.30% of Power Integrations worth $37,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Power Integrations by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,210,835 shares of the semiconductor company's stock worth $444,909,000 after purchasing an additional 114,047 shares in the last quarter. Wellington Management Group LLP grew its stake in Power Integrations by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 2,445,362 shares of the semiconductor company's stock worth $150,879,000 after purchasing an additional 105,034 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Power Integrations by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,920,459 shares of the semiconductor company's stock worth $118,492,000 after purchasing an additional 178,896 shares in the last quarter. Geode Capital Management LLC grew its stake in Power Integrations by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,604,230 shares of the semiconductor company's stock worth $99,000,000 after purchasing an additional 28,793 shares in the last quarter. Finally, Capital International Investors grew its stake in Power Integrations by 5.8% during the 4th quarter. Capital International Investors now owns 1,503,132 shares of the semiconductor company's stock worth $92,743,000 after purchasing an additional 82,681 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on POWI. Wall Street Zen raised Power Integrations from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Stifel Nicolaus boosted their target price on Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, Benchmark reaffirmed a "buy" rating and set a $70.00 price objective on shares of Power Integrations in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Power Integrations presently has an average rating of "Moderate Buy" and a consensus price target of $73.33.

Power Integrations Stock Performance

Shares of NASDAQ:POWI traded down $0.35 on Wednesday, hitting $53.70. 616,682 shares of the company's stock were exchanged, compared to its average volume of 480,487. The firm's 50-day moving average is $54.77 and its 200 day moving average is $55.66. The company has a market capitalization of $3.02 billion, a PE ratio of 82.62, a P/E/G ratio of 2.22 and a beta of 1.31. Power Integrations, Inc. has a 1-year low of $40.78 and a 1-year high of $78.69.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $105.53 million during the quarter, compared to analysts' expectations of $105.44 million. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. The business'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, analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal 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 given a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. Power Integrations's dividend payout ratio (DPR) is presently 129.23%.

Power Integrations Company 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.