Stephens Investment Management Group LLC raised its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 738,976 shares of the semiconductor company's stock after purchasing an additional 172,530 shares during the period. Stephens Investment Management Group LLC owned 1.30% of Power Integrations worth $37,318,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in Power Integrations by 257.8% in the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock valued at $30,000 after buying an additional 428 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Power Integrations by 133.2% during the 4th quarter. Quadrant Capital Group LLC now owns 674 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 385 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in Power Integrations during the first quarter valued at about $42,000. Johnson Financial Group Inc. acquired a new stake in shares of Power Integrations in the fourth quarter valued at about $51,000. Finally, UMB Bank n.a. increased its stake in shares of Power Integrations by 91.6% in the first quarter. UMB Bank n.a. now owns 1,205 shares of the semiconductor company's stock worth $61,000 after purchasing an additional 576 shares during the period.
Power Integrations Stock Down 1.1%
POWI stock opened at $58.04 on Friday. Power Integrations, Inc. has a twelve month low of $40.78 and a twelve month high of $79.13. The company has a market cap of $3.27 billion, a PE ratio of 89.29, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The business's 50-day simple moving average is $54.50 and its 200 day simple moving average is $55.78.
Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The semiconductor company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $105.53 million for the quarter, compared to analyst estimates of $105.44 million. Power Integrations had a return on equity of 5.12% and a net margin of 8.56%. Power Integrations's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current year.
Power Integrations Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, May 30th. Power Integrations's payout ratio is 129.23%.
Analyst Upgrades and Downgrades
POWI has been the subject of several recent analyst reports. Stifel Nicolaus increased their target price on Power Integrations from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Wall Street Zen upgraded Power Integrations from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.67.
View Our Latest Stock Report on Power Integrations
Power Integrations Profile
(
Free Report)
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.
See Also
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