Advisors Asset Management Inc. Buys 3,926 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Advisors Asset Management Inc. lifted its position in Power Integrations, Inc. (NASDAQ:POWI) by 60.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,451 shares of the semiconductor company’s stock after buying an additional 3,926 shares during the quarter. Advisors Asset Management Inc.’s holdings in Power Integrations were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of POWI. Copeland Capital Management LLC raised its holdings in Power Integrations by 21.5% in the 3rd 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 increased its stake 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 purchasing an additional 34,400 shares during the period. Congress Asset Management Co. lifted its position in shares of Power Integrations by 18.4% during the 3rd quarter. Congress Asset Management Co. now owns 621,875 shares of the semiconductor company’s stock worth $39,875,000 after purchasing an additional 96,609 shares during the last quarter. Millennium Management LLC boosted its stake in Power Integrations by 23.4% during the 2nd quarter. Millennium Management LLC now owns 593,164 shares of the semiconductor company’s stock valued at $41,634,000 after purchasing an additional 112,595 shares during the period. Finally, Stephens Investment Management Group LLC boosted its stake in Power Integrations by 2.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 567,477 shares of the semiconductor company’s stock valued at $36,387,000 after purchasing an additional 14,306 shares during the period.

Insider Activity

In other news, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction that occurred 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 owns 86,375 shares in the company, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on POWI shares. TD Cowen cut their price target on Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, August 12th. Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, Susquehanna decreased their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Power Integrations Stock Down 3.5 %

NASDAQ POWI opened at $65.66 on Wednesday. Power Integrations, Inc. has a twelve month low of $56.63 and a twelve month high of $89.68. The stock has a market cap of $3.73 billion, a P/E ratio of 99.49, a PEG ratio of 6.90 and a beta of 1.10. The company’s 50-day simple moving average is $62.92 and its 200 day simple moving average is $67.53.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. Research analysts anticipate that Power Integrations, Inc. will post 0.54 earnings per share for the current year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This is a boost 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 1.28%. Power Integrations’s dividend payout ratio (DPR) is presently 121.21%.

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.