Resources Investment Advisors LLC. acquired a new position in Power Integrations, Inc. (NASDAQ:POWI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,495 shares of the semiconductor company’s stock, valued at approximately $211,000.
Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Power Integrations by 294.0% in the 1st quarter. Bessemer Group Inc. now owns 1,639 shares of the semiconductor company’s stock valued at $139,000 after purchasing an additional 1,223 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Power Integrations in the first quarter valued at about $11,605,000. Tower Research Capital LLC TRC raised its holdings in shares of Power Integrations by 50.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,237 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 755 shares during the period. GW&K Investment Management LLC lifted its position in Power Integrations by 0.9% during the 1st quarter. GW&K Investment Management LLC now owns 629,081 shares of the semiconductor company’s stock worth $53,246,000 after acquiring an additional 5,839 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Power Integrations by 4.9% in the 1st quarter. US Bancorp DE now owns 17,716 shares of the semiconductor company’s stock worth $1,499,000 after acquiring an additional 826 shares during the period. Hedge funds and other institutional investors own 99.82% of the company’s stock.
Power Integrations Stock Up 0.3 %
POWI stock opened at $80.99 on Friday. The company has a market capitalization of $4.65 billion, a P/E ratio of 51.26 and a beta of 1.18. Power Integrations, Inc. has a fifty-two week low of $59.16 and a fifty-two week high of $99.60. The company has a 50-day simple moving average of $89.64 and a 200 day simple moving average of $85.12.
Power Integrations Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 0.94%. Power Integrations’s dividend payout ratio (DPR) is 48.10%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on POWI shares. Susquehanna decreased their target price on shares of Power Integrations from $105.00 to $100.00 and set a “positive” rating for the company in a research note on Friday, August 4th. Stifel Nicolaus upped their price objective on shares of Power Integrations from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. StockNews.com assumed coverage on Power Integrations in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Power Integrations from $75.00 to $80.00 in a report on Friday, May 5th. Finally, Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $82.00 price objective on the stock. in a report on Monday, July 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Power Integrations presently has a consensus rating of “Hold” and an average target price of $88.14.
View Our Latest Stock Report on Power Integrations
Insider Buying and Selling at Power Integrations
In related news, VP Yang Chiah Yee sold 1,381 shares of Power Integrations stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $91.43, for a total value of $126,264.83. Following the transaction, the vice president now owns 34,474 shares in the company, valued at approximately $3,151,957.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Yang Chiah Yee sold 1,381 shares of Power Integrations stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $91.43, for a total transaction of $126,264.83. Following the completion of the sale, the vice president now owns 34,474 shares in the company, valued at approximately $3,151,957.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nicholas Brathwaite sold 3,516 shares of Power Integrations stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $85.08, for a total value of $299,141.28. Following the sale, the director now directly owns 42,794 shares of the company’s stock, valued at $3,640,913.52. The disclosure for this sale can be found here. Insiders have sold a total of 19,973 shares of company stock worth $1,697,629 over the last three months. Corporate insiders own 1.70% of the company’s stock.
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.
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