Vontobel Holding Ltd. lifted its stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 521,360 shares of the semiconductor company's stock after purchasing an additional 31,260 shares during the quarter. Vontobel Holding Ltd. owned 0.92% of Power Integrations worth $42,809,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of POWI. Wellington Management Group LLP boosted its stake in Power Integrations by 5.8% in the third quarter. Wellington Management Group LLP now owns 2,275,969 shares of the semiconductor company's stock valued at $173,679,000 after buying an additional 123,988 shares in the last quarter. Fiera Capital Corp boosted its stake in Power Integrations by 2.1% in the third quarter. Fiera Capital Corp now owns 503,195 shares of the semiconductor company's stock valued at $38,399,000 after buying an additional 10,271 shares in the last quarter. Seven Eight Capital LP boosted its stake in Power Integrations by 34.7% in the third quarter. Seven Eight Capital LP now owns 4,180 shares of the semiconductor company's stock valued at $319,000 after buying an additional 1,076 shares in the last quarter. Inspire Investing LLC boosted its stake in Power Integrations by 18.5% in the third quarter. Inspire Investing LLC now owns 4,547 shares of the semiconductor company's stock valued at $347,000 after buying an additional 711 shares in the last quarter. Finally, Alps Advisors Inc. boosted its stake in Power Integrations by 106.8% in the third quarter. Alps Advisors Inc. now owns 57,520 shares of the semiconductor company's stock valued at $4,389,000 after buying an additional 29,701 shares in the last quarter.
Analyst Ratings Changes
Several equities analysts have commented on the company. Benchmark increased their target price on Power Integrations from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Susquehanna increased their target price on Power Integrations from $80.00 to $100.00 and gave the company a "positive" rating in a research report on Monday, December 18th. StockNews.com upgraded Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. TD Cowen increased their target price on Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a research report on Friday, February 9th. Finally, Stifel Nicolaus increased their target price on Power Integrations from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Power Integrations has an average rating of "Moderate Buy" and an average target price of $86.17.
Check Out Our Latest Stock Analysis on POWI
Power Integrations Stock Performance
Shares of POWI traded down $0.86 during mid-day trading on Monday, reaching $67.18. 324,896 shares of the company were exchanged, compared to its average volume of 387,168. Power Integrations, Inc. has a 52 week low of $66.68 and a 52 week high of $99.60. The stock has a market capitalization of $3.82 billion, a PE ratio of 69.26 and a beta of 1.21. The business has a 50 day simple moving average of $71.92 and a two-hundred day simple moving average of $75.26.
Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. The company had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. On average, analysts predict that Power Integrations, Inc. will post 0.65 EPS for the current year.
Power Integrations Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.20 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. Power Integrations's dividend payout ratio (DPR) is presently 82.47%.
Insider Buying and Selling at Power Integrations
In other Power Integrations news, VP Doug Bailey sold 423 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $74.98, for a total value of $31,716.54. Following the completion of the sale, the vice president now owns 98,863 shares of the company's stock, valued at $7,412,747.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Doug Bailey sold 423 shares of Power Integrations stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $74.98, for a total transaction of $31,716.54. Following the transaction, the vice president now owns 98,863 shares of the company's stock, valued at $7,412,747.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Balu Balakrishnan sold 5,232 shares of Power Integrations stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $81.02, for a total value of $423,896.64. Following the transaction, the chief executive officer now directly owns 508,461 shares in the company, valued at approximately $41,195,510.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,411 shares of company stock valued at $4,203,262. Company insiders own 1.70% of the company's stock.
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.
Further Reading
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