15,330 Shares in Power Integrations, Inc. (NASDAQ:POWI) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in Power Integrations, Inc. (NASDAQ:POWI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,330 shares of the semiconductor company’s stock, valued at approximately $983,000.

Several other large investors also recently modified their holdings of the company. Copeland Capital Management LLC grew its holdings in shares of Power Integrations by 21.5% in the third quarter. Copeland Capital Management LLC now owns 1,207,121 shares of the semiconductor company’s stock worth $77,401,000 after acquiring an additional 213,392 shares during the period. Ceredex Value Advisors LLC grew its holdings in shares of Power Integrations by 4.8% in the second quarter. Ceredex Value Advisors LLC now owns 756,282 shares of the semiconductor company’s stock worth $53,083,000 after acquiring an additional 34,400 shares during the period. Congress Asset Management Co. grew its holdings in shares of Power Integrations by 18.4% in the third quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company’s stock worth $39,875,000 after acquiring an additional 96,609 shares during the period. Millennium Management LLC grew its holdings in shares of Power Integrations by 23.4% in the second quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock worth $41,634,000 after acquiring an additional 112,595 shares during the period. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Power Integrations by 2.6% in the third quarter. Stephens Investment Management Group LLC now owns 567,477 shares of the semiconductor company’s stock worth $36,387,000 after acquiring an additional 14,306 shares during the period.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $64.77 on Thursday. The company has a market cap of $3.68 billion, a P/E ratio of 98.14, a P/E/G ratio of 7.37 and a beta of 1.10. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $89.68. The firm’s fifty day moving average is $63.05 and its two-hundred day moving average is $67.46.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million for the quarter, compared to analysts’ expectations of $114.83 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. As a group, analysts forecast that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.30%. Power Integrations’s dividend payout ratio (DPR) is 127.27%.

Insider Activity at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares of the company’s stock, valued at $5,610,920. This trade represents a 9.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Northland Securities raised Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Susquehanna dropped their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, TD Cowen dropped their target price on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.