Louisiana State Employees Retirement System Makes New $1.31 Million Investment in Power Integrations, Inc. (NASDAQ:POWI)

Louisiana State Employees Retirement System bought a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,000 shares of the semiconductor company's stock, valued at approximately $1,314,000.

A number of other institutional investors and hedge funds have also made changes to their positions in POWI. Itau Unibanco Holding S.A. purchased a new stake in shares of Power Integrations during the third quarter valued at approximately $65,000. Headlands Technologies LLC grew its holdings in shares of Power Integrations by 374.6% during the third quarter. Headlands Technologies LLC now owns 1,082 shares of the semiconductor company's stock valued at $83,000 after buying an additional 854 shares during the last quarter. CWM LLC grew its holdings in shares of Power Integrations by 102.4% during the third quarter. CWM LLC now owns 1,095 shares of the semiconductor company's stock valued at $84,000 after buying an additional 554 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Power Integrations by 16.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,166 shares of the semiconductor company's stock valued at $89,000 after buying an additional 168 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Power Integrations by 17.4% during the third quarter. Signaturefd LLC now owns 1,421 shares of the semiconductor company's stock valued at $108,000 after buying an additional 211 shares during the last quarter.

Power Integrations Stock Up 0.3 %

POWI traded up $0.19 during trading on Monday, hitting $63.08. The company's stock had a trading volume of 424,550 shares, compared to its average volume of 387,732. Power Integrations, Inc. has a one year low of $62.13 and a one year high of $99.60. The firm has a market cap of $3.59 billion, a PE ratio of 65.03 and a beta of 1.21. The business's 50 day simple moving average is $70.60 and its 200-day simple moving average is $74.86.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. The firm had revenue of $89.51 million for the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. Equities research analysts expect that Power Integrations, Inc. will post 0.65 EPS for the current fiscal year.

Power Integrations Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. Power Integrations's payout ratio is 82.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on POWI shares. StockNews.com upgraded shares of Power Integrations from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Benchmark raised their target price on shares of Power Integrations from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Stifel Nicolaus raised their target price on shares of Power Integrations from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, January 2nd. TD Cowen raised their target price on shares of Power Integrations from $65.00 to $80.00 and gave the stock a "market perform" rating in a report on Friday, February 9th. Finally, Northland Securities upgraded shares of Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 target price on the stock in a report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Power Integrations has a consensus rating of "Moderate Buy" and an average target price of $86.17.

Insider Activity

In other news, VP Doug Bailey sold 423 shares of the firm's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $74.98, for a total transaction of $31,716.54. Following the sale, the vice president now directly owns 98,863 shares in the company, valued at approximately $7,412,747.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Power Integrations news, insider David Mh Matthews sold 1,095 shares of Power Integrations stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total value of $80,986.20. Following the sale, the insider now directly owns 59,733 shares in the company, valued at approximately $4,417,852.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Doug Bailey sold 423 shares of Power Integrations stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $74.98, for a total transaction of $31,716.54. Following the completion of the sale, the vice president now owns 98,863 shares in the company, valued at $7,412,747.74. The disclosure for this sale can be found here. Insiders have sold 57,411 shares of company stock worth $4,203,262 in the last three months. Company insiders own 1.50% of the company's stock.

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.