Creative Planning boosted its stake in Power Integrations, Inc. (NASDAQ:POWI – Free Report) by 31.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,546 shares of the semiconductor company’s stock after purchasing an additional 1,328 shares during the quarter. Creative Planning’s holdings in Power Integrations were worth $525,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of POWI. Raymond James & Associates grew its holdings in Power Integrations by 27.0% in the first quarter. Raymond James & Associates now owns 41,765 shares of the semiconductor company’s stock valued at $3,871,000 after purchasing an additional 8,880 shares during the period. PNC Financial Services Group Inc. grew its stake in Power Integrations by 15.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,746 shares of the semiconductor company’s stock worth $348,000 after buying an additional 504 shares during the period. Bank of Montreal Can grew its stake in Power Integrations by 10.5% during the first quarter. Bank of Montreal Can now owns 14,113 shares of the semiconductor company’s stock worth $1,372,000 after buying an additional 1,339 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Power Integrations by 8.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,681 shares of the semiconductor company’s stock worth $2,009,000 after buying an additional 1,678 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in Power Integrations by 6.3% during the first quarter. Great West Life Assurance Co. Can now owns 32,504 shares of the semiconductor company’s stock worth $3,094,000 after buying an additional 1,927 shares during the period.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Northland Securities downgraded shares of Power Integrations from an “outperform” rating to a “market perform” rating and set a $82.00 price objective for the company. in a research note on Monday, July 17th. Stifel Nicolaus boosted their price objective on shares of Power Integrations from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. StockNews.com started coverage on shares of Power Integrations in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Susquehanna reduced their target price on shares of Power Integrations from $105.00 to $100.00 and set a “positive” rating on the stock in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.14.
Insider Activity at Power Integrations
In related news, VP Sunil Gupta sold 2,262 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $80.84, for a total value of $182,860.08. Following the sale, the vice president now directly owns 44,323 shares of the company’s stock, valued at $3,583,071.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Power Integrations news, VP Sunil Gupta sold 2,262 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $80.84, for a total transaction of $182,860.08. Following the sale, the vice president now directly owns 44,323 shares of the company’s stock, valued at $3,583,071.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicholas Brathwaite sold 3,516 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $85.08, for a total transaction of $299,141.28. Following the sale, the director now directly owns 42,794 shares in the company, valued at $3,640,913.52. The disclosure for this sale can be found here. Insiders have sold 28,956 shares of company stock valued at $2,417,724 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
Power Integrations Price Performance
POWI opened at $74.13 on Thursday. The stock has a market capitalization of $4.25 billion, a PE ratio of 46.92 and a beta of 1.22. The firm’s fifty day moving average price is $79.46 and its 200 day moving average price is $83.90. Power Integrations, Inc. has a 12-month low of $59.16 and a 12-month high of $99.60.
Power Integrations (NASDAQ:POWI – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $123.22 million for the quarter, compared to analysts’ expectations of $122.77 million. Power Integrations had a net margin of 17.58% and a return on equity of 12.00%. On average, equities research analysts forecast that Power Integrations, Inc. will post 1.17 earnings per share for the current fiscal year.
Power Integrations Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were issued a $0.19 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.76 annualized dividend and a yield of 1.03%. Power Integrations’s dividend payout ratio is presently 48.10%.
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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