Stephens Investment Management Group LLC Purchases 14,306 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Stephens Investment Management Group LLC raised its position in Power Integrations, Inc. (NASDAQ:POWI) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,477 shares of the semiconductor company’s stock after buying an additional 14,306 shares during the quarter. Stephens Investment Management Group LLC owned 1.00% of Power Integrations worth $36,387,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in shares of Power Integrations by 8.1% in the second quarter. Fifth Third Bancorp now owns 1,801 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 135 shares in the last quarter. GAMMA Investing LLC grew its stake in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. increased its holdings in Power Integrations by 22.8% in the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 161 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Power Integrations by 1.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 15,600 shares of the semiconductor company’s stock valued at $1,116,000 after buying an additional 185 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Power Integrations by 16.3% during the 1st quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 222 shares during the period.

Insider Buying and Selling at Power Integrations

In related news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares of the company’s stock, valued at $3,420,144.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Friday. Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, August 12th. TD Cowen decreased their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.50.

Power Integrations Trading Down 4.2 %

NASDAQ:POWI opened at $60.43 on Friday. The stock’s 50-day moving average is $62.54 and its 200-day moving average is $68.08. Power Integrations, Inc. has a 1-year low of $56.63 and a 1-year high of $89.68. The stock has a market cap of $3.43 billion, a P/E ratio of 80.57, a price-to-earnings-growth ratio of 5.07 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The firm had revenue of $106.20 million during the quarter, compared to analysts’ expectations of $105.02 million. Power Integrations had a net margin of 10.38% and a return on equity of 4.86%. The company’s revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. As a group, equities analysts forecast that Power Integrations, Inc. will post 0.59 EPS for the current year.

Power Integrations Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.32%. The ex-dividend date was Friday, August 30th. Power Integrations’s payout ratio is presently 106.67%.

Power Integrations 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.