Vontobel Holding Ltd. Decreases Holdings in Power Integrations, Inc. (NASDAQ:POWI)

Vontobel Holding Ltd. decreased its position in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 24.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,220 shares of the semiconductor company's stock after selling 90,182 shares during the period. Vontobel Holding Ltd. owned 0.50% of Power Integrations worth $14,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Bessemer Group Inc. increased its stake in Power Integrations by 4.1% during the 1st quarter. Bessemer Group Inc. now owns 6,769 shares of the semiconductor company's stock valued at $342,000 after purchasing an additional 269 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in Power Integrations during the 1st quarter valued at approximately $42,000. Azzad Asset Management Inc. ADV acquired a new position in Power Integrations during the 1st quarter valued at approximately $683,000. Fifth Third Bancorp increased its stake in Power Integrations by 31.9% during the 1st quarter. Fifth Third Bancorp now owns 2,186 shares of the semiconductor company's stock valued at $110,000 after purchasing an additional 529 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Power Integrations during the 1st quarter valued at approximately $344,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in 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 increased their price objective on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Power Integrations presently has a consensus rating of "Moderate Buy" and an average target price of $74.67.

Power Integrations Stock Performance

NASDAQ POWI traded up $0.36 during mid-day trading on Friday, reaching $59.53. 208,286 shares of the stock were exchanged, compared to its average volume of 479,056. The business's 50 day moving average is $53.69 and its 200-day moving average is $55.94. Power Integrations, Inc. has a 1 year low of $40.78 and a 1 year high of $79.13. The company has a market capitalization of $3.35 billion, a P/E ratio of 91.58, a P/E/G ratio of 2.44 and a beta of 1.31.

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

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors 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 yield of 1.41%. The ex-dividend date of this dividend was Friday, May 30th. 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.